Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/GBP
Under pressure.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 0.8945
Our preference
Short positions below 0.8945 with targets at 0.8925 & 0.8910 in extension.
Alternative scenario
Above 0.8945 look for further upside with 0.8960 & 0.8980 as targets.
Comment
A break below 0.8925 would trigger a drop towards 0.8910.
EUR/CHF
Key resistance at 1.1360.
Pivot (invalidation): 1.1360
Our preference
Short positions below 1.1360 with targets at 1.1310 & 1.1280 in extension.
Alternative scenario
Above 1.1360 look for further upside with 1.1415 & 1.1450 as targets.
Comment
As Long as the resistance at 1.1360 is not surpassed, the risk of the break below 1.1310 remains high.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.