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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex Analysis

Editors’ Picks

EUR/USD is pressured under 1.09 amid upbeat German data

EUR/USD is trading below 1.09 as ongoing SIno-American tensions boost the safe-haven US dollar. The German IFO figures for May beat expectations with 79.5 points in May. Coronavirus figures in Europe are declining.


GBP/USD is trading below 1.22 amid negative rates speculation

GBP/USD is trading below 1.22, as investors continue speculating about the BOE setting negative rates. PM Johnson is under pressure after his senior adviser violated the lockdown. The UK is on a bank holiday today.


Forex Today: Dollar in demand amid high Sino-American tensions, thin liquidity expected

The new week has kicked off with dollar strength as the US and China have kept tensions high. Thin liquidity and potential erratic movements may occur as the United States and United Kingdom are on holiday.

Read more

Gold trades with modest losses, holds above $1722 support zone

Gold met with some fresh supply on Monday, albeit lacked any strong follow-through selling and was last seen trading with only modest losses, just below $1730 level.

Gold News

USD/JPY clings to gains near 50-day SMA, bulls await a move beyond 108.00 mark

USD/JPY regains some positive traction on Monday amid a positive mood around equity markets. Concerns about worsening US-China tensions seemed to be the only factor capping further gains. Sustained move beyond 50-day SMA, 108.00 mark needed to confirm any near-term bullish bias.


Forex Majors