The EUR/USD pair extended its consolidation. The price went back and forth between the current support and the resistance. The resistance is seen at 1.1250, the support stands at 1.1200.
We will buy the euro if the price consolidates above 1.1250. If the EUR/USD breaks the support 1.1200 downwards the price will advance towards 1.1150.
The GBP/USD continued its bearish momentum. The pair opened the day with a gap on Monday. The price continued its decline during the day. Sellers broke the level 1.2900 and headed lower. The current resistance is seen at 1.2900, the support exists at 1.2800.
We believe that the pound will keep weakening towards the level 1.2800. We do not exclude a short-term bounce off to 1.2900.
The recovery phase remained intact. The price kept climbing upwards during the day. The pair broke the level 101.40 and stopped at 101.60. The resistance is at 101.40, the support comes in at 100.40.
We prefer to stay neutral, waiting for new drivers.
Read the full review on our site:
FortFS brings back the Ultimate Cashback promotion! The promotion is aimed to get the balance compensation per each trade closed with the negative result. Compensated amount is fixed and is equal to 8,88% of the loss amount. All compensations are credited into the trading account automatically. The promotion is available on FORT and FLEX accounts. […]
Dear traders and partners, FortFS extends deadlines for the reduced spreads! From July 19 to September 30, 2019, spreads for the 4 most popular currency pairs are: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5