{"id":7542,"date":"2024-05-17T03:01:21","date_gmt":"2024-05-17T07:01:21","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/eur-usd-stalls-gbp-usd-consolidates-post-breakout\/"},"modified":"2024-05-17T03:01:21","modified_gmt":"2024-05-17T07:01:21","slug":"eur-usd-stalls-gbp-usd-consolidates-post-breakout","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/eur-usd-stalls-gbp-usd-consolidates-post-breakout\/","title":{"rendered":"EUR\/USD Stalls, GBP\/USD Consolidates Post-Breakout"},"content":{"rendered":"

\"Profit<\/a>
\n<\/p>\n

EUR\/USD Forecast<\/h2>\n
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Source: Tradingview<\/em><\/figcaption><\/figure>\n

On Thursday, EUR\/USD was subdued<\/em><\/strong>, failing to capitalize on the previous session\u2019s bullish breakout<\/em><\/strong>. The pair retreated modestly but remained stable above 1.0865<\/em><\/strong>. To prevent a resurgence of sellers, it’s crucial for bulls to maintain prices above this level; falling below could lead to a pullback towards 1.0810\/1.0800<\/em><\/strong>.<\/p>\n

Conversely, if buying momentum resumes<\/em><\/strong> and the pair pivots upwards, overhead resistance<\/em><\/strong> might appear near 1.0980<\/em><\/strong>, a significant technical barrier from the March swing high. A further increase could propel buyers to challenge the 1.1020 mark<\/em><\/strong>, a dynamic trend line from the peak of 2023.<\/p>\n

GBP\/USD Forecast<\/h2>\n
\"\"<\/a>
Source: Tradingview<\/em><\/figcaption><\/figure>\n

GBP\/USD ticked lower<\/em><\/strong> on Thursday after a strong performance earlier in the week, as buyers took a moment to assess their next moves following the recent rally. If bullish momentum<\/em><\/strong> picks up again, the pair could encounter resistance at 1.2720<\/em><\/strong>, highlighted by the 61.8% Fibonacci retracement of the 2023 downturn. Beyond this level, the 1.2800 handle<\/em><\/strong> may become relevant.<\/p>\n

If, however, the upward pressure weakens and triggers a bearish reversal<\/em><\/strong>, support between 1.2615 and 1.2590<\/em><\/strong> could provide a buffer against further declines. A breach here might shift focus towards the 200-day simple moving average<\/em><\/strong> at approximately 1.2540<\/em><\/strong>. Any subsequent drop below this could prompt a descent towards 1.2515<\/em><\/strong>.<\/p>\n

The post EUR\/USD Stalls, GBP\/USD Consolidates Post-Breakout<\/a> appeared first on Dumb Little Man<\/a>.<\/p>\n

\"Profit<\/a>
<\/p>\n","protected":false},"excerpt":{"rendered":"

EUR\/USD Forecast Source: Tradingview On Thursday, EUR\/USD was subdued, failing to capitalize on the previous session\u2019s bullish breakout. The pair retreated modestly but remained stable […]<\/p>\n","protected":false},"author":1,"featured_media":7543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-7542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-happiness"],"_links":{"self":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/7542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/comments?post=7542"}],"version-history":[{"count":0,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/7542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media\/7543"}],"wp:attachment":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media?parent=7542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/categories?post=7542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/tags?post=7542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}