• GBP/AUD declined on Monday as investors assessed a U.S.-EU trade deal along with economic data.
• The U.S. and EU reached a trade deal Sunday, setting a 15% tariff on most EU goods and requiring $600 billion in EU investment in the U.S.
• Traders are currently pricing in an 86.5% probability that the Bank of England (BoE) will lower interest rates by 25 basis points at its upcoming policy meeting on August 7.
• The is pair heading towards the lower 23.6% fib fib support, as near term direction of the pair is likely to be driven by current price action.
• Technical are bearish, daily RSI is negative at 26, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 2.0580(20 DMA ), any close above will push the pair towards 2.0693 (38.2% fib).
• Strong support is seen at 2.0412 (23.6% fib) and break below could take the pair towards 2.0277(Lower BB).
Recommendation: Good to sell on around 2.0500, with stop loss of 2.0570 and target price of 2.0430


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips on UK GDP data miss
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro- Major European Indices
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
FxWirePro- Major Crypto levels and bias summary 



