The dollar was sligh...来自Sajidoonktk

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· GBP/USD started a downside correction from the 1.2700 resistance. · There are many supports near the 1.2500 and 1.2420 levels.

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Here is what you need to know on Friday, September 27: EUR/USD continues its downward grind, hitting the lowest since May 2017 and nearing 1.09. There is no immediate trigger for the move that seems to be fueled by monetary policy divergence.

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The dollar was slightly higher and the British pound stumbled at the start of the week, on lingering doubts about the outlook for the world economy as the market takes a closer look at the much-hyped breakthroughs on the U.S.-China trade dispute and on Brexit.

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• US Dollar gains momentum as Wall Street turns red and despite lower US yields. • EUR/USD finds resistance at 1.0965 and turns to the downside.

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The GBPUSD has taken back nearly 38.2% of the sharp move higher on Brexit hopes. That hope was dashed this weekend when EUs Barnier reportedly told EU diplomats at the UK's latest proposals on setting the Irish border chapter was still unworkable.

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