FXEM - EMPIRE MARKETS - Company New Article

The British pound has been relatively stable at 1.2944 as markets await important economic data releases this week. The pair continues to trade within a narrow range as investors await fresh signals on monetary policy from the Bank of England and the Federal Reserve.

Overall sentiment: Neutral to positive

• Positive scenario: 1.2980 – A break could push the price towards 1.3030
• Negative scenario: 1.2900 – A break could open the door to 1.2850

If economic data is supportive of the UK economy, we may witness attempts to break resistance levels, while any negative signals could pressure the pound towards lower levels.

The euro is trading at 1.0886 against the US dollar amidst a state of anticipation in the markets, as investors await economic data that may influence the monetary policy outlook of the European Central 
Bank and the Federal Reserve.

 General Trend: Neutral to Bearish

• Upward Scenario: 1.0920 – A break above it could push the price to 1.0970
• Bearish Scenario: 1.0850 – A break above it could open the way towards 1.0800

The euro's future movements will depend primarily on upcoming US data, as any indications of continued US monetary tightening could put further pressure on the euro.