Squawk / 10 January 2019 at 7:04 GMT
Founder, Owner, Director / Market Chartist
United Kingdom
EURUSD intermediate-term bullish shift with GBPUSD poised for similar

A weakening of the US Dollar has been a theme across Forex markets in early 2019.
This has mainly been driven by a more dovish tone from Federal Reserve members since latter 2018, and in particular from the FOMC Chair, Jerome Powell into early January, reinforced Wednesday by the most recent FOMC Minutes.
The weakened US Dollar has seen the EURUSD currency pair recently surge through 1.1545 resistance, switching the intermediate-term outlook from neutral to bullish.
The GBPUSD rebound for early 2019 has positioned this FX rate to make a more positive technical statement in at least the short-term, as we go into a key Brexit phase in the UK Parliament.

See the full article with video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/eurusd-intermediate-term-bullish-shift-with-gbpusd-poised-for-similar/


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