Under pressure.


Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 1.1190

Our preference
Short positions below 1.1190 with targets at 1.1165 & 1.1155 in extension.

Alternative scenario
Above 1.1190 look for further upside with 1.1205 & 1.1225 as targets.

As Long as the resistance at 1.1190 is not surpassed, the risk of the break below 1.1165 remains high.



Capped by a negative trend line.


Pivot (invalidation): 1.2820

Our preference
Short positions below 1.2820 with targets at 1.2770 & 1.2745 in extension.

Alternative scenario
Above 1.2820 look for further upside with 1.2850 & 1.2880 as targets.

A break below 1.2770 would trigger a drop towards 1.2745.



The upside prevails.


Pivot (invalidation): 109.70

Our preference
Long positions above 109.70 with targets at 110.05 & 110.30 in extension.

Alternative scenario
Below 109.70 look for further downside with 109.50 & 109.35 as targets.

The break above 109.70 is a positive signal that has opened a path to 110.05.

This report has been prepared by AC Markets 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 AC Markets personnel at any given time. ACM 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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: Under pressure below 1.1245 while consolidating Dollar's resurgence

EUR/USD dropped from 1.1260 to just above 1.1200 overnight. The markets continued to price 31bp of easing at the 31st July meeting though Fed funds futures for 2020 rose about 3bp in implied yield.


GBP/USD stabilizes around 1.2400 after the slump to 27-month low

Having plummeted to a 27-month low, GBP/USD recovers to 1.2410 during early Wednesday. British inflation numbers, political plays should be followed by fresh impulse.


USD/JPY rejected at 200-hour MA amid losses in Asian equities

USD/JPY is currently trading near 108.15, having faced rejection at the 200-hour moving average of 108.33 earlier today. The JPY is bid, possibly due to losses in equities. Also, Fitch Ratings' affirmation of Japan's rating at 'A' buoys the Yen.


UK CPI Preview: Brexit above all else

The monthly change in the consumer price index is expected to be flat in June down from 0.3% in May. The annual rate is predicted to be unchanged at 2 %. The core CPI rate is forecast to be flat in June, after gaining 0.2% in April.

Read more

Gold: Bulls are in the safe-zone, but are barely holding on

The 1400 psychological level is holding up which is just as well for the bulls, as a couple of dollars, a break of the 23.6% Fibo of the latest swing lows and highs could open up an onslaught to the downside.

Gold News