The euro extended its recovery on Wednesday. After a brief consolidation in the Asian session the single currency made higher. The pair tested 1.0750 in early trades and broke the level later the day. The resistance is seen at 1.0700, the support stands at 1.0650.
Bulls will probably remain in the driver's seat if they stay above 1.0750. In this scenario buyers will aim to test the level 1.0800.
The pound extended its downside on Wednesday. The pair started the day above 1.2600 and moved lower in early trades. GBP/USD fell to 1.2600 and stayed at the level the whole day. The current resistance is seen at 1.2700, the support exists at 1.2600.
A sharp breakout below 1.2600 could spark a further incline towards 1.2500. If the level holds the GBP/USD pair may return to 1.2700.
The dollar weakened against the yen on Wednesday. Sellers attempted to control the market and they succeeded with it. Traders pushed prices below 114.00 and advanced to 113.00. The resistance exists at the level 114.00, the support comes in at 113.00.
The price eyes a support at 113.00 loss of which would trigger further weakness towards 112.00.
Read the full review on our site:
Dear traders! We are glad to announce the launch of new promo “CHINESE NEW YEAR” which allows you to increase your profits from trading in the world financial markets! Starting from 1 February 2019 and up to 1 March 2019 an additional 2% of profit will be credited for each profitable trade as well as […]
Dear Traders! We are pleased to announce the launch of the “Welcome Bonus 75 USD” promotion! Starting from 21.01.2019 and until 01.02.2019 inclusive welcome bonus of 75 USD or equivalent in another currency is available to all clients of the company.