EUR/USD
Higher timeframes
The pair continues to decline and is ready to liquidate the daily golden cross (0.9808). Consolidation below will open the way for a decline, where the main task for bears will be to update the lows (0.9632 - 0.9536). The nearest significant resistance today can be noted in the area of 0.9868 (weekly short-term trend + daily medium-term trend).
H4 – H1
On the lower timeframes, the advantage belongs to the bears. Now they are testing the first support for the classic pivot points (0.9760). Further downward benchmarks within the day today are the support of the classic pivot points (0.9705 - 0.9597) and the target for the breakdown of the H4 cloud (0.9744 - 0.9705). The key levels are acting as resistance levels, and today they are located at 0.9868 (central pivot point of the day) and 0.9917 (weekly long-term trend).
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GBP/USD
Higher timeframes
Bears develop a decline. The areas of 1.1202–38 (weekly Fibo Kijun + daily medium-term trend) and 1.1022–46 (weekly short-term trend + lower boundary of the daily cloud) can be noted as the nearest benchmarks. The levels of 1.1411 (historical level) and 1.1511 (weekly medium-term trend), passed the day before, may provide resistance in case bulls restore their position.
H4 – H1
On the lower timeframes, bears have the advantage. As of writing, S2 (1.1266) is being tested, followed by the last support for the classic pivot points (1.1146). As a benchmark for the intraday decline, we can also note the target for the breakdown of the H4 cloud (1.1119 - 1.1061). Key levels are forming resistance today, being at the boundaries of 1.1445 (central pivot point) and 1.1515 (weekly long-term trend).
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In the technical analysis of the situation, the following are used:
higher timeframes – Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
