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The GBPUSD has taken back nearly 38.2% of the sharp move higher on Brexit hopes. That hope was dashed this weekend when EUs Barnier reportedly told EU diplomats at the UK's latest proposals on setting the Irish border chapter was still unworkable.

Sajidoonktk

Thursday, September 26, 2019 Time 12:30 pm UTC+0 EUR/USD The USA publishes data on the rate of change in gross domestic product over the quarter. GDP is considered a major measure of a country’s economic performance. An increase is therefore an extremely positive factor for the national currency. It is the quarterly data to which the currency reacts most strongly.

Sajidoonktk

The dollar was slightly higher and the British pound stumbled at the start of the week, on lingering doubts about the outlook for the world economy as the market takes a closer look at the much-hyped breakthroughs on the U.S.-China trade dispute and on Brexit.

Sajidoonktk

EUR/USD longs at 1.1010/00 work perfectly as we hit 1.1050/60 and 1.1075/85, perhaps as far as 1.1110/20 today. Exit any remaining longs and try shorts with stops above 1.1140.

Sajidoonktk

• US Dollar gains momentum as Wall Street turns red and despite lower US yields. • EUR/USD finds resistance at 1.0965 and turns to the downside.

Sajidoonktk