Price Forecast: EUR/USD & GBP/USD

EUR/USD Daily Chart

Yesterday's several tests of 1.2885 area failed and current intraday bias is positive above 1.2916 support, struggling below 1.2950 dynamic resistance. I expect a break through the descending trend line to initiate a rise for through 1.3022 crucial level, en route to 1.3170 high.

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GBP/USD Daily Chart

Yesterday's slide below 1.6050 was limited above 1.5997 support area and current intraday bias is already positive above 1.6040 minor support, so my outlook is bullish, for a rise through 1.6145, towards 1.6308 high.