Analysis

EUR/USD: Bearish ahead of Fed's meeting, for 1.1110 lows

EUR/USD Current level - 1.1193

The intraday bias is bearish, as the market awaits FOMC's decision later today. Initial target lies at 1.1110 low and crucial on the upside is 1.1250.

 

resistance
intraday intraweek
1.1250 1.1450
1.1350 1.1450
support
intraday intraweek
1.1110 1.1015
1.1110 1.0860

 

USD/JPY Current level - 108.32

The outlook here remains neutral within the 109.05-107.70 range. 

 

resistance
intraday intraweek
109.05 109.90
109.05 112.40
support
intraday intraweek
108.10 107.70
107.70 106.70

 

GBP/USD Current level - 1.2556

There is a minor reversal at 1.2500 and although there is a risk of a further rebound to 1.2600 area, the bias is negative, for a final dip to 1.2420 area. Initial minor resistance lies at 1.2570. Key hurdle on the senior frame is 1.2650.

 

resistance
intraday intraweek
1.2570 1.2960
1.2650 1.3170
support
intraday intraweek
1.2500 1.2420
1.2420 1.2350

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.