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:
Only from April 12, 2021, to May 14, 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 […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications