Analysis

EUR/USD: Allow an intraday pullback to 1.0710 support

EUR/USD Current level - 1.0772

The pair is currently testing the previous peak at 1.0780 and a failure here will result in an intraday slide towards 1.0710 support zone. The overall bias on the senior frames remains positive above 1.0600, for a rise towards 1.0870.

resistance
intraday intraweek
1.0780 1.0870
1.0870 1.0945
support
intraday intraweek
1.0712 1.0600
1.0600 1.0490

 

USD/JPY Current level - 112.52

The bias is negative below 112.90, for a slide towards 111.60. Crucial on the upside is 113.50 hurdle.

resistance
intraday intraweek
112.90 115.65
114.50 118.65
support
intraday intraweek
111.60 111.60
111.60 110.30

 

GBP/USD Current level - 1.2430

Despite the positive bias, my outlook here is rather negative, for a break through 1.2376 crucial low, towards 1.2300 and even 1.2250 support zone. 

resistance
intraday intraweek
1.275 1.2570
1.2570 1.2570
support
intraday intraweek
1.2376 1.2107
1.2250 1.1984

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.