EUR/USD Currency Pair is strengthening

EUR/USD EURUSD Currency Pair is strengtheningAfter ascending to the 1.1250 mark, the EUR/USD currency pair dropped to 1.1100. However, it recently strengthened to hit the 1.1265 mark, despite the U.S Jobless predicted effects. This may partly be attributed to the increased bond yields in Germany. Throughout the Asian session, this pair remained high and traded with low volatility. With many European markets closing today for the Labor Day, the Support for the pair is expected to be 1.0960 and the resistance to be 1.1270. GBP/USD Since Thursday, this currency pair has been weakening, having lost 200 pips to date. This fall may be attributed to the seven days bullish movement. Additionally, the uncertainty brought about by the future elections are also expected to impact negatively on the currency pair. The support for this pair is expected to be 1.5300 and the resistance to be 1.5500.

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John Miller is the main author of content here at 7 Binary Options. He’s also the brand’s lead investment consultant. He’s been working for 7 Binary Options since April 2014 and brings a wealth of knowledge and experience to his role. He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips. John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.