The euro got under pressure on the back of the strong dollar. The pair traded below the level 1.1200, barely touching the support 1.1130. Sellers have the ball now.
Buyers will have control if they break the resistance 1.1200. Buyers’ targets are 1.1270 and 1.1350. If sellers manage to break the support 1.1130 they will lead the price to 1.1070 and 1.1000.
Technically, the GBP/USD is under pressure. The pound showed mixed dynamics on Tuesday. The price went back and forth in a narrow range between the current resistance at 1.3100 and the mark 1.3050.
An uptrend will start as soon, as the pair rises above the resistance level 1.3100. A downtrend will start as soon, as the pair drops below the support level 1.3050.
The dollar strengthened due to the positive data in the USA. The price rallied and set new highs on the Tuesday’s trades. Indicators give a buy signal now.
If the USD/JPY pair breaks the 103.50 mark we will place buy orders. In this scenario buyers will aim at 103.50. To trigger downward momentum sellers need to return below 102.00.
Read the full review on our site:
Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]
Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.