The euro was positive during the day. The price recovered after Tuesday’s drop. The EUR/USD pair turned around ahead of the US opening. The price decreased and briefly returned below 1.1200. The resistance is seen at 1.1200, the support stands at 1.1150.
A close below 1.1200 will trigger losses towards 1.1150. Buyers have a chance to lift the price as long as the pair is above 1.1200.
A bearish tone prevails in the 4 hours chart. Sellers hold the pair onto recent lows during the Asian and European sessions on Wednesday. The GBP/USD slightly recovered from the level 1.2700 in the North American session. The current resistance is seen at 1.2800, the support lies at 1.2700.
The trend is still bearish. However, the pair may recover towards the 1.2800 – 1.2850 region. It is a good opportunity to place sell orders there. The next sellers’ target is the level 1.2700.
Buyers continued to dominate in the market. The price extended its gains yesterday. The pair grew and was able to test the level 103.50. The resistance is at 103.50, the support comes in at 102.50.
If the level 103.50 remains unbroken the price will roll back to 102.80. A break above this level risks a growth towards the mark 104.00.
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