EUR/USD
Forex News: The entire last week was bullish and the final trading day of 2017 was no exception. Price broke the key resistance at 1.2000 but then retraced and finished the year very close to the level. The fundamental scene lacked any important releases.
Technical Outlook
Today markets across the globe will be closed and price action will come to a stop. Movement will resume Tuesday.
Fundamental Outlook
Banks in most parts of the globe will be closed, celebrating New Year’s Day and no economic data will be released today.
GBP/USD
Friday the bulls took price more than 100 pips higher, breaking 1.3500 and approaching 1.3550 resistance. The session ended with a bounce at resistance and a move lower but the bias remains bullish.
Technical Outlook
Today price action across the board will come to a stop, celebrating to New Year’s Day and trading will resume Tuesday.
Fundamental Outlook
UK banks and financial institutions will be closed today as well, so the markets will come to a stop and activity will resume tomorrow.