Sun, Apr 12, 2026 08:07 GMT
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    HomeLive CommentsEUR/USD and GBP/USD upside breakout on PMIs and Brexit progress

    EUR/USD and GBP/USD upside breakout on PMIs and Brexit progress

    ActionForex
    By ActionForex

    Sterling and Euro rise broadly today, partly based on progress in Brexit negotiations, and partly on stronger than expected PMIs. Strong risk-on market in Europe also pressures the green back.

    In particular EUR/USD has taken out 1.2177 resistance to resume the whole up trend from 1.0635. Next target will be 61.8% projection of 1.0635 to 1.2011 from 1.1602 at 1.2452.

    GBP/USD also breaches 1.3539 resistance, suggesting resumption of whole rise from 1.1409. Sustained trading above 1.3539 will pave the way to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956.

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