Hantec Markets

The EUR/USD exchange rate continues to churn in the 1.18-1.1860 region, leaving analyst Richard Perry of Hantec Markets warning of false technical signals in the current market.

The EUR/USD exchange rate has risen for four days in succession to achieve levels around 1.1864 at the time of publication on Thursday. Analyst Richard Perry of Hantec Markets says he is still looking for the move higher to be confirmed by the market's technical setup.

The GBP/USD exchange rate rallied by over 1.5% on Wednesday and is quoted at 1.3130 on Thursday. Analyst Richard Perry of Hantec Markets says the technical configuration advocates for further Sterling gains.

The EUR/USD exchange rate has risen for two days in succession now and is at 1.1845 on Wednesday. Analyst Richard Perry of Hantec Markets says the charts are yet to give final confirmation that a more protracted uptrend is restarting.

The GBP/USD exchange rate has rallied back to 1.30 in mid-week trade amongst fresh Brexit trade negotiation headlines that are supportive of a view a deal can be done.

The EUR/USD exchange rate advanced 0.43% on Monday and is seen at 1.1771 on Tuesday, leading analyst and technical forecaster Richard Perry of Hantec Markets to see some potential for further upside, however he cautions this is a market that is still looking prone to sideways action.

The GBP/USD exchange rate rallied sharply at the start of the new week to only be rejected at levels above 1.30, suggesting the market requires a fundamental narrative to break it out of its recent range says Richard Perry of Hantec Markets.

The EUR/USD exchange rate starts off the new week in lacklustre fashion and is seen at 1.1724, analyst Richard Perry of Hantec Markets says the exchange rate is lacking in conviction.

The GBP/USD exchange rate starts the new week 0.40% higher at 1.2974, despite the gains analyst and technical forecaster Richard Perry of Hantec Markets says the pair will likely struggle to hold ground above 1.30.