FXEM - EMPIRE MARKETS - Company New Article

The British pound is maintaining a moderate upward trend, supported by broad dollar weakness and stable recent UK economic data. Short-term momentum remains positive, particularly amid resilient labor market conditions.

📈 Possible Upside:
 If dollar weakness persists, the pair may move toward 1.3315, with a potential extension to 1.3360.

📉 Alternative Scenario:
 Stronger-than-expected U.S. data could trigger a pullback toward 1.3215.

The euro is trading in a relatively neutral range, with momentum starting to fade. Markets are awaiting key economic indicators from both the Eurozone and the U.S., which could influence short-term direction.

📈 Upside Potential:
 Positive signals from the ECB or continued dollar softness may push the pair toward 1.1400.

📉 Downside Risk:
 Weak Eurozone data or renewed risk appetite for the dollar could pull the euro back toward 1.1320.