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  • Sunday, 12 July 2020

    End of the Bullish Run for The Pound and Euro


    The markets have been bullish for the Euro as we have seen positive results from European countries of dealing with the current pandemic while the Dollar struggled to find ground as cases rose rapidly when they attempted to re open the economy.

    Europe Has been a struggling recently where Croatia and Bulgaria have ran to the Euro zone as a safe haven to save themselves from the current global economic crisis. this move should further cause selling on most European currency pairs and causing certain support levels to be broken on the EurUsd and on the GbpUsd.

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    Below we have a brief low time frame based charts on the GBPUSD and The EURUSD currency pairs.

    GbpUsd
    The Pound sterling has been bearish since last year when Brexit was made official in the United Kingdom. 


    EurUsd





    Sifiso Nkwanyana

    Author & Editor

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