EUR/USD Current price: 1.3846
View Live Chart for the EUR/USD
The EUR/USD retraces some from a fresh weekly high posted ay 1.3864 following better than expected US unemployment claims down to 304K. Nevertheless, the pair holds its recent gains consolidating around 1.3850 key level, and with the hourly chart showing indicators turning south in positive territory and price above a slightly bullish 20 SMA. In the 4 hours chart technical readings present a slightly bullish tone that support another run higher in the short term, with a break above 1.3865 pointing for an advance up to 1.3890 price zone.
Support levels: 1.3825 1.3780 1.3750
Resistance levels: 1.3865 1.3890 1.3925
GBP/USD Current price: 1.6809
View Live Chart for the GBP/USD
Pound surged up to 1.6841, levels not seen since November 2009 against the greenback, finding buyers around 1.6800 on a small retracement. The hourly chart shows momentum aiming slightly higher around its midline and price below its 20 SMA, losing earlier strength. In the 4 hours chart indicators turn slightly lower in positive territory as price stands well above its 20 SMA, reflecting buying interest is still strong.
Support levels: 1.6780 1.6745 1.6710
Resistance levels: 1.6820 1.6870 1.6915
USD/JPY Current price: 102.13
View Live Chart for the USD/JPY
The USD/JPY lost some ground over Asian hours, finding intraday support around 101.90, Fibonacci level and 100 SMA in the hourly chart. Indicators in the mentioned time frame head higher in neutral territory, while price develops below yesterday’s high, reflecting the little interest around the pair today. In the 4 hours chart the technical bias is still bullish, albeit 102.60 will probably contain de upside in case of recoveries.
Support levels: 102.00 101.55 101.20
Resistance levels: 102.35 102.60 102.95
Recommended Content
Editors’ Picks
AUD/USD risks a deeper drop in the short term
AUD/USD rapidly left behind Wednesday’s decent advance and resumed its downward trend on the back of the intense buying pressure in the greenback, while mixed results from the domestic labour market report failed to lend support to AUD.
EUR/USD leaves the door open to a decline to 1.0600
A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Bitcoin price shows strength as IMF attests to spread and intensity of BTC transactions ahead of halving
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
Is the Biden administration trying to destroy the Dollar?
Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia.