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Daily Market Analysis 21|05|2020: GBPUSD

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Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.21816 with take profit at 1.21492 Alternative scenario: Buy position is envisaged if price trades above 1.22198 with take profit at 1.22358 Fundamentals:GBP  Flash Manufacturing PMI 9:30amGBP  Flash Services PMI 9:30amUSD  Flash manufacturing PMI 2:45pmUSD Fed. Chair Powell speaks 7:30pm Comment: The US gained very quickly late …

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Daily Market Analysis 18|05|2020: EURUSD

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Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08113 with take profit at 1.07834 Alternative scenario: Buy position is envisaged if price trades above 1.08286 with take profit at 1.08451 Fundamentals:No major economic data expected today Comment: The hawkish statement of the Chairman of the Federal Reserve earlier today is envisaged to lend …

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