FXEM - EMPIRE MARKETS - Company New Article

The British pound rose during today's trading, benefiting from a weaker dollar and improved investor sentiment toward riskier assets. However, the price faces resistance at 1.3160, where we may see a slowdown in upward momentum. If the pair manages to break this area, it may continue rising towards 1.3190. In the event of a downward correction, support at 1.3080 will be key to stabilizing the positive trend.

Expectation: Upward momentum will continue unless the price breaks 1.3080, as this could push the pair towards a retest of 1.3050.

The euro maintained positive trading during the last session, supported by stable economic data in the Eurozone, but it still faces resistance near the 1.1000 level. A break above this level could reinforce the upward trend towards 1.1030. On the other hand, any decline below 1.0930 could push the price back to 1.0900, especially if US data is stronger than expected.

Expectations: The overall trend remains positive, but the possibility of a correction remains, especially with the Federal Reserve's monetary policy decision approaching.