Currency Majors Technical Analysis


    EUR/GBP - Euro / British Pound

    Entry: 0.823
    Stop: 0.825

    Resistances: 0.8275 - 0.826 - 0.824
    Supports: 0.819 - 0.8205 - 0.822


    GBP/USD - British Pound / US Dollar

    Entry: 1.6685
    Stop: 1.665

    Resistances: 1.681 - 1.6765 - 1.6705
    Supports: 1.6635 - 1.6655 - 1.6675


    EUR/CAD - Euro / Canadian Dollar

    Entry: 1.522
    Stop: 1.5255

    Resistances: 1.53 - 1.527 - 1.523
    Supports: 1.505 - 1.514 - 1.5195


    GBP/JPY - British Pound / Yen

    Entry: 170.75
    Stop: 170.45

    Resistances: 172.1 - 171.55 - 170.95
    Supports: 170 - 170.3 - 170.65


    USD/JPY - US Dollar / Yen

    Resistances: 102.9 - 102.75 - 102.5
    Supports: 101.85 - 102.15 - 102.3


    EUR/USD - Euro / US Dollar

    Resistances: 1.3795 - 1.377 - 1.3755
    Supports: 1.37 - 1.3715 - 1.3735


    EUR/AUD - Euro / Australian dollar

    Resistances: 1.537 - 1.5335 - 1.528
    Supports: 1.513 - 1.5165 - 1.5215


    EUR/CHF - Euro / Swiss Franc

    Resistances: 1.2225 - 1.2215 - 1.2205
    Supports: 1.218 - 1.219 - 1.2195


    USD/CAD - US Dollar / Canadian Dollar

    Resistances: 1.1135 - 1.111 - 1.1085
    Supports: 1.102 - 1.104 - 1.1065


    AUD/USD - Australian dollar / US Dollar

    Resistances: 0.904 - 0.902 - 0.9
    Supports: 0.893 - 0.8965 - 0.8985


    USD/CHF - US Dollar / Swiss Franc

    Resistances: 0.893 - 0.891 - 0.889
    Supports: 0.8835 - 0.885 - 0.887


    EUR/JPY - Euro / Yen

    Resistances: 141.75 - 141.35 - 140.8
    Supports: 139.75 - 140.05 - 140.45


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Editors’ Picks

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.

EUR/USD News

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.

GBP/USD News

Gold struggles to hold above $2,350 following US inflation

Gold struggles to hold above $2,350 following US inflation

Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses. 

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

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Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

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