Published at 00:48 (GMT) 16 Apr
16 Apr EUR/USD Daily
Extending recovery from the 1.0521 low and break above 1.0713/30 area clears the way for stronger retrace of the down-leg from the 1.1036 high of last week. Higher will see scope to the 1.0800 level. Beyond this see strong resistance at the 1.0888/1.0910 area. Support now at 1.0660/50 area. [P.L]
R5:: 1.0965/75 * intraday level R4: 1.091 * 6 Apr low
R3: 1.0888 * 8 Apr high
R2: 1.0804 7 Apr low
R1: 1.073 intraday level
S1: 1.065 intraday level
S2: 1.0615 intraday level
S3: 1.0571 * 15 Apr low
S4: 1.0521 * 13 Apr low
S5: 1.05 figure
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.