FX.co ★ EUR bullish trend slowing down. GBP under pressure ahead of EU-UK negotiations. Outlook for EUR/USD and GBP/USD for February 27

The euro can become less attractive for bulls as it is approaching to the resistance level of 1.0925. However, bulls are waiting the euro to rise to 1.0950. At the same time, the British pound is still under pressure ahead of the trade negotiations between the EU and the UK. However, the pound sterling can rise, if it returns to the resistance level of 1.2930.

Signals for EUR/USD:

If the euro breaks through the level of 1.0925, it can advance to 1.0950 and 1.0975.

If the euro breaks through the level of 1.0895, traders may start selling off the currency around 1.0865 and 1.0835.

Signals for GBP/USD:

If the pound sterling breaks through the level of 1.2930, it can increase to 1.2970 and 1.3006.

If the pound sterling breaks through the level of 1.2889, traders may start selling off the currency near 1.2851 and 1.2830.

Fundamental data:

EU Private Loans

EU Consumer Confidence

ECB President Christine Lagarde Speaks

BOE Governor Mark Carney Speaks

US Gross Domestic Product (q/q)

US Durable Goods Orders