A sideways consolidation is underway in the EUR/USD. Economists at Société Générale note that the pair could enjoy further gains on a break past the 1.1410 mark.Risk of further pullback if 1.1280 breaks.“A break above daily Ichimoku cloud at 1.1410 can lead to an extension in bounce.”“Last week’s low of 1.1280 and projections of 1.1180 are short-term support.
EUR/USD holds steady above 1.1300 amid better mood.EUR/USD is holding steady above 1.1300 amid a better market mood and a minor pullback in the US Treasury yields. The risk sentiment is leaning positive following an important pivot in the diplomatic resolution to the Ukraine crisis. Eurozone inflation, Fedspeak awaited.
EUR/USD News .GBP/USD battles 1.3600 ahead of BOE MPR hearings.GBP/USD is struggling to extend gains above 1.3600 amid looming Brexit and geopolitical risks, despite the risk-on mood. Brexit talks to continue on a more regular basis while the UK leads in levying extra sanctions on Russia.