EURUSD and GBPUSD: Euro continues to move above 1.09000
During the Asian session, EURUSD consolidated around 1.09200 levels. During the Asian trading session, GBPUSD traded around 1.24400 levels.EURUSD chart analysis
During the Asian session, EURUSD consolidated around 1.09200 levels. Such a trend continued during the European session because today is Good Friday in all Western European countries, the US, Canada, etc. Among important news, in the US session, we will have the NFP report and the unemployment report. At that time, we could expect rapid movement on the chart and larger swings than the current position.
The expectation for the NFP report is that we could get worse results than the previous month. The forecast is at 239k, while the previous report was at 311k. The forecast for the unemployment rate is in line with the previous month at 3.6%.
GBPUSD chart analysis
During the Asian trading session, GBPUSD traded around 1.24400 levels. Slight bearish pressure is on the chart, as GBPUSD is moving below the EMA50 moving average. This could lead to a further decline in the EMA50 4h moving average in the zone around the 1.24000 level. Because of the holidays, market volatility has decreased, and we will likely see a continuation of the sideways movement.
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