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:
Welcome Bonus $75 returns, for 10 days only! Experiment with market trading without depositing. Trade indices, Forex, precious metals, futures, stocks – full range of instruments on one account!
Starting from 06 June 2019, FortFS reduces spreads for 4 most popular contracts! From 06 June until 19 July 2019, the 4 most popular contracts spreads will be: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 Good Luck! Fort Financial Services – Citadel of trading