GMT Support

2017-08-03 - 11:56 | News | Tags: |

Improved operating volumes and reputable traders were appearing on stage. Aggressive traders can buy now at the 1.7380 area. Perhaps the pair will return to the level of 1.8000 in the short term. Sovereign States may be interested in the EURO and GBP declines given the euro coins. Support levels are maintained and for two weeks now, any purchases will fall. Many traders took profits. It is advisable to buy now.

Wednesday: All times EASTERN (-4 GMT) 5:30 am GBP BRC Shop Price Index y / y 10:30 am, GBP CB Leading Index m / m EURO / USD Daily Resistance 3: 1.3900/10 Resistance 2: 1.3880 Resistance 1: 1.3800 / 10 New York: 1.3623 Support 1: 1.3480 Support 2: 1.3440 Support 3: 1.3400 Comments The pair remained in range, but rallied after news of a possible cut in interest rates. Later the pair back towards the 1.3400 area with low volumes. The pair came under pressure and it is advisable to buy. Traders could buy under the 1.3900 area in my opinion. The lower oil prices added to pressure on the pair. There is uncertainty in the market. The pair is trading technically.

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