Gbpusd Forecast

EUR/USD and GBP/USD remain under pressure as stronger U.S. inflation data boosts the dollar. Traders watch key resistance levels and rising geopolitical risks.

The macroeconomic backdrop right now is one that basically hangs on the latest tweets or headlines coming out of the Middle East, and this has a pretty significant influence on the currency markets as you would expect.

EUR/USD and GBP/USD face pressure as risk-off sentiment supports the US dollar. Key resistance levels near 1.16 for EUR/USD and major EMAs for GBP/USD guide the outlook.

EUR/USD and GBP/USD face key technical levels as geopolitical tensions and US dollar strength drive volatility across major forex markets.