Talking Points:
– EURGBP double top in question; GBPAUD holds in triangle.
– EURUSD breakdown obstacles include US retail sales, ECB.- See the April forex seasonality report.
The GBP-crosses have yet to offer clear direction, while several USD-pairs need today’s spending data to confirm their recent breakouts.
See the above video for technical considerations in EURUSD, GBPUSD, EURGBP, and GBPAUD.
Read more: Charts to Start the Week as USDOLLAR Hits Fresh Yearly Highs
— Written by Christopher Vecchio, Currency Strategist
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Source: Daily fx