The EUR/USD was positive during the day. The price strengthened and reversed some of the previous losses. The pair tested the 1.1000 level which stopped its upward impetus. The resistance comes in at the level 1.1000, the support lies at 1.0950.
If buyers keep pushing EUR/USD upwards the price will grow further towards 1.1025. Alternatively, should the price bounce off the level the EUR/USD may fall towards 1.0950.
The pound remained neutral on Monday. The GBP/USD traded in a tight range between 1.2100 and 1.2200. The resistance exists at the level 1.2200, the support stands at 1.2100.
If the price breaks below 1.2100 the selling pressure will increase. Sellers will push the price towards 1.2050. A move above the range will send prices towards 1.2260.
The USD/JPY remained in an ascending channel. The price bounced from the upper limit of the range and declined below 104.00. The resistance is at 104.00, the support comes in at 103.00.
If the USD/JPY returns above the level 104.00 the pair will advance towards the mark 104.60. A move below the 104.00 mark will trigger a downtrend towards 103.30.
Read the full review on our site:
To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]
Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]