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:
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