The euro was under pressure on Friday. Sellers dragged the price from the mark 1.1290 to the 1.1200 level. The resistance comes in at the level 1.1270, the support lies at 1.1200. If sellers keep weighing on the pair the price will decrease further towards 1.1130. Alternatively, the EUR/USD will grow to 1.1270.
The pound closed the week at the lower limit of the upward channel. The price stopped at 1.3260 where it is consolidating now. The resistance exists at the level 1.3360, the support stands at 1.3200. If the pair leaves the ascending channel the pound will fall below 1.3200, towards 1.3100. Otherwise, buyers will push the price to 1.3360.
The USD/JPY closed Friday bullish. The price stopped not far from the nearest level 102.50. The resistance exists at the level 103.50, the support comes in at 102.50. To trigger additional upward movement the price needs to grow higher than the previous week high. The level 103.50 is the next buyers’ target. A move below 102.00 will signal the presence of sellers.
Read the full review on our site:
№1 Forex Bonus that guarantees to protect your funds during drawdowns and gives +100% to the deposit! Take advantage of the bonus and get the following benefits: +100% to the deposit! 100% drawdown protection No expiration period
Share with others how you trade with FortFS during quarantine and get 50 USD. Works are accepted from 02 to 12 April, 2020 in photo or video format. Authors of 10 most creative works will get money prizes. Preference will be given to funny, interesting and original works in good quality.