Published at 01:37 (GMT) 25 Nov
25 Nov EUR/USD Daily
Held the 1.2358 support with recovery from the 1.2360 low reaching 1.2445 high. Higher see strong resistance at 1.2504/10 area and regaining this needed to fade downside pressure. Downside seen vulnerable while the latter caps. Support now at the 1.2400 level ahead of the 1.2360/58 lows. [PL]
R5:: 1.26 * 19 Nov high R4: 1.2570/78 intraday, 17 Nov highs
R3: 1.2545 intraday level
R2: 1.2504 * 20 Nov low, break
R1: 1.2445 24 Nov high
S1: 1.2405/00 intraday level
S2: 1.2360/58 * 24, 7 Nov lows
S3: 1.2342 21 Aug 12 low
S4: 1.2289 * Jun 12 low
S5: 1.2242 * 10 Aug 12 low
Recommended Content
Editors’ Picks
EUR/USD holds gains above 1.0700 as USD struggles ahead of data
EUR/USD is posting small gains above 1.0700 in the European session on Thursday. The pair remains underpinned by a sustained US Dollar weakness, in the aftermath of the Fed policy announcements and ahead of more US employment data.
GBP/USD stays firm above 1.2500 amid US Dollar weakness
GBP/USD is consolidating the rebound above 1.2500 in European trading on Thursday. The pair's uptick is supported by a broadly weakness US Dollar on dovish Fed signals. A mixed market mood could cap the GBP/USD upside ahead of mid-tier US data.
Gold price trades with modest losses amid positive risk tone, downside seems limited
Gold price edges lower amid an uptick in the US bond yields, though the downside seems cushioned. A positive risk tone is seen as another factor undermining demand for the safe-haven precious metal.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.