For the EURUSD the price action this week is up and down in a narrow trading range (64 pip range vs 125 average over the last month of trading). The key support comes in the 1.1270-75 area.; Move below tilts the short-term bias lower with more work at the 38.2% of the move up from last weeks low at 1.12495 adn the rising 100- hour MA at 1.1233.
The GBPUSD is higher and extended to a new high for 2025 above 1.32067. The simple rule is stay above and the buyers are in control with upside probing expected. On the topside the pair is getting nearer to the 2024 highs at 1.3433 which are the highest levels since February 2022.
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