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26.02.2020: Forex Analysis & Reviews: Sterling bulls push GBP upwards to 1.30. EUR set to extend growth. Video forecast for February 26
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The euro and the pound sterling have been gaining ground against the US dollar with prospects for a further uptrend. EUR and GBP find support amid the lack of fundamental data from Europe. So, the bulls are developing the upward correction for the risky assets. Meanwhile, a slump in the US stock market is putting pressure on the US currency.

Technical signals for EUR/USD:

A breakout of 1.0895 will take the euro upwards to the area of 1.0925 – 1.0950.

A breakout of 1.0865 will trigger sell-offs of the euro in the area of 1.0835 - 1.0807.

Technical signals for GBP/USD:

A breakout of 1.3006 will encourage the euro's advance to the area of 1.3036 - 1.3066.

A breakout of 1.2970 will trigger the sell-offs of the sterling in the area of 1.2930 - 1.2889.

Fundamental data:

ECB President Christine Lagarde is due to speak

US new home sales

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
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