EURUSD and GBPUSD: EURUSD slips below 1.09000 level 

<div><img width="1000" height="667" src="https://www.financebrokerage.com/wp-content/uploads/2022/03/shutterstock_1311823778.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="EURUSD, GBPUSD and AUDUSD Chart Movement Overview" decoding="async" loading="lazy" /></div><h1><b>EURUSD and GBPUSD: EURUSD slips below 1.09000 level </b></h1>
<ul>
<li aria-level="1"><span>Since the beginning of the week, EURUSD has been in a bearish trend, forming a new low at the 1.08566 level on Thursday.</span></li>
<li aria-level="1"><span>Since Monday, GBPUSD has been in a solid bullish trend with 1.26166 levels.</span></li>
</ul>
<h2><b>EURUSD chart analysis</b></h2>
<p><span>Since the beginning of the week, EURUSD has been in a bearish trend, forming a new low at the 1.08566 level on Thursday. During the Asian session, the pair started a positive consolidation, and the recovery attempt was stopped at the 1.08950 level. From that level, the EURUSD pulled back to the 1.08660 level and gained new support. Now, we need a bullish impulse that would move us to the 1.09000 level.</span></p>
<p><span>A break above would mean that the euro has the strength to attempt a further continuation to the <a href="https://www.financebrokerage.com/the-dollar-index-remains-on-its-bullish-path-towards-103-00/">bullish</a> side. Potential higher targets are 1.09200 and 1.09400 levels. We need a negative consolidation and pullback to the previous support at the 1.08660 level for a bearish option. A break below this support would lead to the formation of a new low and thus confirm the bearish option. Potential lower targets are 1.08400 and 1.08200 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-219675" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/EURUSD-chart-analysis-1-1024×619.jpg" alt="EURUSD chart analysis" width="1024" height="619" /></p>
<h2><b>GBPUSD chart analysis</b></h2>
<p><span>Since Monday, GBPUSD has been in a solid bullish trend with 1.26166 levels. Yesterday, the pound climbed up to 1.27890 levels and formed a new weekly high there. There, we encounter resistance, and the pair begins to retreat. During the Asian trading session, we hovered around the 1.27500 level, only to see a breakout below at the beginning of the EU session.</span></p>
<p><span>Today’s low was formed at the 1.27050 level, and we have managed to stay above it for now. We need a positive consolidation and a return to the previous resistance zone around the 1.27500 level for a bullish option. A move above would mean that the pound has the strength for further recovery. Potential higher targets are 1.27750 and 1.28000 levels.</span></p>
<p><span>We need a negative and pullback to the 1.27000 level for a bearish option. If we fail to hold above, the pair will continue to slide, and we could see the formation of a new low. Potential lower targets are 1.26500 and 1.26000 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone wp-image-219677 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/British-pound-1024×619.jpg" alt="GBPUSD chart analysis" width="1024" height="619" /></p>
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