EURUSD and GBPUSD: The euro is holding above 1.07600
During the Asian trading session, EURUSD hovered around 1.07700 levels.
During the Asian trading session, GBPUSD hovered around 1.25300 levels.
EURUSD chart analysis
During the Asian trading session, EURUSD hovered around 1.07700 levels. Since the beginning of June, the euro has surged from the 1.06350 level. If it manages to hold above the 1.07700 level, we could see continued EURUSD growth. Now we need to break above 1.07800 and try to hold above there.
Potential higher targets are 1.07900 and 1.08000 levels. We need a negative consolidation and pullback below the 1.07600 level for a bearish option. After that, we could expect to see a pullback in the EURUSD. Potential lower targets are 1.07400 and 1.07200 levels. Additional support at 1.07400 is in the EMA50 moving average. From important news today, we have the NFP report and the unemployment rate in the US.
GBPUSD chart analysis
During the Asian trading session, GBPUSD hovered around 1.25300 levels. We managed to hold on to this level and now expect to see a break above the 1.25500 level. Potential higher targets are 1.25600 and 1.25800 levels. For a bearish option, we need a negative consolidation and pullback below the support at the 1.25200 level.
This could pull the pound towards the 1.25000 support level. A break below would introduce psychological instability that could continue the decline. Potential lower targets are 1.24800 and 1.24600 levels.
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