EUR/USD Current price: 1.3169

View Live Chart for the EUR/USD

e

So you think is worth trading the EUR/USD? Think twice: the world has reduced to a 30 pips range for the past 48 hours, with a short lived spike of 20 pips to the 1.3137 low yesterday in the middle. Market needs a trigger, and won’t find it today, with the ECB on Thursday and US NFP on Friday. Both events may provide some action, with the ECB having the less chances of triggering strong movements in the pair, as there’s little the Central Bank can do at this point. In the meantime, the pair continues trading below 1.3185, 38.2% retracement of its latest bullish run, and with intraday charts presenting a neutral stance. The 1.3100 level stands as the 50% retracement of the same rally, and stops below it will likely continue building over the next 24 hours, with 1.3250 as last probable, but not likely, bullish target for today.


Support levels: 1.3140 1.3100 1.3060


Resistance levels: 1.3180 1.3210 1.3250 


GBP/USD Current price: 1.5608

View Live Chart for the GBP/USD

g

The GBP/USD maintains the bullish tone based on stronger UK data, breaking above the 61.8% retracement of its latest daily fall at 1.5605. Struggling around the level, the hourly chart shows indicators turning lower, correcting overbought readings in the short term. The 4 hours chart shows indicators also losing upward potential in positive territory, although far from turning bearish: price needs to accelerate below 1.5900 to lose the upward potential, at least in the short term.


Support levels: 1.5590 1.5550 1.5520 


Resistance levels: 1.5630 1.5660 1.5700


USD/JPY Current price: 99.47

View Live Chart for the USD/JPY

y

Unchanged since last updates, the pair lost some ground after the release of worse than expected US Trade Balance, with the hourly chart showing an increasing bearish potential, as indicators turn south below their midlines. However, buyers continue to appear on approaches to the 99.20/30 area, and there’s little room for falls beyond it ahead of key data later this week. 


Support levels: 99.20 98.90 98.50 


Resistance levels: 99.70 100.00 100.30 


AUD/USD Current price: 0.9154

View Live Chart for the AUD/USD

a

Commodity currencies outperform this Wednesday, with the AUD/USD surging up to 0.9169 and holding nearby. The hourly chart shows indicators in extreme overbought levels, losing the upward potential yet still not suggesting a downward correction, while the 4 hours chart shows the same picture. As long as above 0.9140, the upside is favored in the short term, with scope to test the 0.9200 level later today.


Support levels: 0.9140 0.9070 0.9025


Resistance levels: 0.9170 0.9200 0.9250

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD remains pressured below 1.0250 amid renewed USD strength

EUR/USD remains pressured below 1.0250 amid renewed USD strength

EUR/USD remains pressured below 1.0250, undermined by a broad rebound in the US dollar after dismal Chinese data soured sentiment. Growing recession fears in the Eurozone amid the deepening energy crisis weigh down on the euro. 

EUR/USD News

GBP/USD drops below 1.2100 as US dollar firms up

GBP/USD drops below 1.2100 as US dollar firms up

GBP/USD is dropping below 1.2100, as the US dollar rebounds amid a negative shift in risk sentiment amid weak China data. BOE’s Bailey shows readiness for a ‘review’ on UK PM Candidate Truss’ criticism. Critical UK data and Fed minutes are in focus this week. 

GBP/USD News

Gold closes the week above 50 DMA, what’s next? Premium

Gold closes the week above 50 DMA, what’s next?

Gold price is reversing Friday’s rebound above $1,800, as bears return at the start of the week. Buyers appear to lack follow-through upside momentum, as souring risk sentiment revives the US dollar’s safe-haven appeal.

Gold News

Tezos to provide bulls a generous exit before a 15% nosedive

Tezos to provide bulls a generous exit before a 15% nosedive

Tezos Price is hovering above a stable support level after facing an intense rejection. While this foothold is likely to provide harbor, it will not be for long. Investors must prepare for a long squeeze as bears make an elaborate move.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures