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3 High-Potential FX Setups: Key Trading Levels for GBP/USD, USD/CHF, EUR/GBP
Telegram FX Signals – Recent US economic data, particularly in the manufacturing and services sectors, have strengthened the US dollar.
The Most Traded Currency Pairs
This has created a bearish scenario for GBP/USD, with a key support zone at 1.2530 and the potential for a drop below 1.25.
Meanwhile, USD/CHF has broken out of a bullish flag as EUR/GBP bounces off a strong support level from 2023.
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In the past few days, the macroeconomic calendar has been filled with data releases from the US. Most of these readings exceeded forecasts, leading to a continued strengthening of the US dollar.
1-2-3 Reversal pattern strategy
Alongside the ISM manufacturing and services data, the US labor market data, typically released on the first Friday of the month, also surpassed expectations significantly.
3 High-Potential FX Setups: Key Trading Levels for GBP/USD, USD/CHF, EUR/GBP
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3 High-Potential FX Setups: Key Trading Levels for GBP/USD, USD/CHF, EUR/GBP
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