Bullish bias above 0.9730




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


Pivot (invalidation): 0.9730

Our preference
Long positions above 0.9730 with targets at 0.9765 & 0.9780 in extension.

Alternative scenario
Below 0.9730 look for further downside with 0.9700 & 0.9680 as targets.

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.



Key resistance at 1.3240



Pivot (invalidation): 1.3240

Our preference
Short positions below 1.3240 with targets at 1.3205 & 1.3180 in extension.

Alternative scenario
Above 1.3240 look for further upside with 1.3260 & 1.3290 as targets.

As Long as the resistance at 1.3240 is not surpassed, the risk of the break below 1.3205 remains high.



The bias remains bullish



Pivot (invalidation): 0.6775

Our preference
Long positions above 0.6775 with targets at 0.6815 & 0.6830 in extension.

Alternative scenario
Below 0.6775 look for further downside with 0.6750 & 0.6725 as targets.

A support base at 0.6775 has formed and has allowed for a temporary stabilisation.






Pivot (invalidation): 5.5510

Our preference
Long positions above 5.5510 with targets at 5.5900 & 5.6160 in extension.

Alternative scenario
Below 5.5510 look for further downside with 5.5280 & 5.5130 as targets.

The RSI calls for a rebound.

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 Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD falls below 1.1850 as US consumer sentiment beats

EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.


GBP/USD falls as the EU reportedly objects Johnson's bill

GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord. 


XAU/USD struggles to move back above 100-hour SMA

Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.

Gold News

Ethereum hits Bitcoin's bid to lead the market

Bitcoin risks dominance after the strong rise of Ethereum. Technical indicators show some significant discrepancies keeping the stress on the board. Sentiment levels are improving and bordering on optimism.

Read more

After yesterday's JMMC meeting WTI settles near $40 per barrel

WTI has been through a rollercoaster this week. The liquid gold has been in a downtrend leading into the OPEC+ JMMC meeting and then reversed the whole move. At the meeting the group agreed to extend the compensation period for overproduction till the end of December. 

Oil News

Forex Majors