EUR/USD

The EURO rate has touched the broken level of 1.2092 in the weekly chart:

1-5.png

In the daily chart, the pair has formed a hammer at the horizontal level. It means that the pair might very well head in the case of great resistance:

2-7.png

There is also a 1.2155 level that we should take into consideration. But it is wise to wait for Monday session’s closure to figure out when this level will really get broken. So, we should wait for three candles to close beyond the broken trendline:

3e-1.png

Reports provided by COT CFTC show interesting data. Large operators prefer to go long rather than short, yet last week they were actively reducing their long positions. It might mean that trend can reverse:

4e-1.png

GBP/USD

In the weekly chart, the British currency approached an ascending channel. The level 1.3654 is passing through that channel too:

5-1.png

So, the pair might pull back from the support zone of 1.3660-1.3745, which is denoted by the orange triangle in the chart:

6-1.png