The euro traded sideways during Thursday. The price went back and forth between 1.1200 and 1.1250. The resistance is seen at 1.1250, the support stands at 1.1200.
The exit from the current flat will determine further direction of the pair. A break above will lead the price towards 1.1300. A break below the current support risks a decline towards the 1.1150 level.
We preserve short-term bearish outlook for the pair. The pound continued to grind lower and closed the day around 1.2965. The current resistance is seen at 1.3000, the support lies at 1.2900.
The overall tone remained bearish. Bears are trying to push the price lower. If they succeed their next target is the level 1.2900.
The USD/JPY got under selling pressure. The dollar gave up its recent gains and retreated below the level 101.40. The resistance is at 101.40, the support comes in at 100.40.
The loss of the 101.40 level is now pointing to a further period of downside to come. A downtrend will start as soon, as the pair drops below support level 101.00.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]