EUR/USD Current price: 1.2819

View Live Chart for the EUR/USD
eurusd

Risk sentiment has been supportive for EUR/USD Friday, with European stocks recovering ground and pressures on periphery bonds easing. However, EUR/USD trades little changed heading into the American session after the latest recovery attempt was capped by the 1.2840 area. Technically speaking, short-term charts look constructive although early strength is fading, suggesting the pair may enter a consolidation phase. EUR/USD needs a clear break above 1.2880 to confirm an upward move, targeting the 1.2960 area. On the other hand, loss of 1.2700/10 10- and 20-day SMAs cross could open the way for test of the 1.2620/00 zone.

Support levels: 1.2840, 1.2882, 1.2900

Resistance levels: 1.2780, 1.2700, 1.2623


GBP/USD Current price: 1.6101

View Live Chart for the GBP/USD

gbpusd

GBP/USD extended its corrective move beyond 1.6100 Friday also supported by the positive mood. However, short-term technical indicators are losing steam also pointing for some consolidation. Cable needs a decisive break above 1.6125 (Oct 13 & 17 highs) to confirm short-term recovery and pave the way to 1.6165 (21-day SMA) en-route toward 1.6225 (Oct 9 peak). On the flip side, a break below 1.6025 may risk another test of 1.5900 and 1.5873 (cycle low).

Support levels:  1.6125, 1.6165, 1.6180

Resistance levels: 1.6025, 1.6000, 1.5940

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE

EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE

EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action. 

EUR/USD News

GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday

GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday

GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance. 

GBP/USD News

Gold price sits at all-time highs above $2,230, US PCE eyed

Gold price sits at all-time highs above $2,230, US PCE eyed

Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited. 

Gold News

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito price could hit $6 as JTO coils up inside this bullish pattern

Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.

Read more

Key events in developed markets next week

Key events in developed markets next week

Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.

Read more

Majors

Cryptocurrencies

Signatures