EUR/USD
Under pressure.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1270
Our preference
Short positions below 1.1270 with targets at 1.1250 & 1.1240 in extension.
Alternative scenario
Above 1.1270 look for further upside with 1.1285 & 1.1305 as targets.
Comment
As Long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1250 remains high.
GBP/USD
Watch 1.2475.
Pivot (invalidation): 1.2535
Our preference
Short positions below 1.2535 with targets at 1.2495 & 1.2475 in extension.
Alternative scenario
Above 1.2535 look for further upside with 1.2560 & 1.2580 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY
Turning up.
Pivot (invalidation): 107.80
Our preference
Long positions above 107.80 with targets at 108.10 & 108.25 in extension.
Alternative scenario
Below 107.80 look for further downside with 107.55 & 107.35 as targets.
Comment
The RSI is bullish and calls for further upside.
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
AUD/USD holds above 0.6500 in thin trading
The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.
EUR/USD comfortable below 1.0800 lower lows at sight
The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price rallied during the North American session on Thursday and hit a new all-time high of $2,225 in the mid-North American session. Precious metal prices are trending higher even though US Treasury yields are advancing, underpinning the Greenback.
Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales
Bitcoin price continues to move further away from the $69,000 threshold, gaining ground as BTC bulls hope for a retest of the $73,777 peak. This is because of the general assumption that clearing this blockade would set the tone for a reach higher, marking a new all-time high.
Bears have been standing before a steamroller so far this year
Despite a pushback on rate cuts from Christopher Waller, and what was supposed to be cautious trading sentiment ahead of critical US inflation data released later on Friday, the S&P 500 rose on Thursday, marking its best first-quarter performance in five years.