flag-gb flag-my flag-zh flag-id flag-th flag-vi



The euro returned under selling pressure on Friday. After a week of recovery the market switched its direction and moved downwards. The pair pushed away from 1.0600 and reached the level 1.0550 post-European open. After a brief consolidation around the level sellers continued to grind lower. The resistance comes in at the level 1.0550, the support lies at 1.0500.

If the selling pressure persists the EUR/USD pair will break 1.0500 and move further towards 1.0450.

The upward momentum lost its strength above 1.2400. The pair faced a downside rejection and dropped below 1.2400 in the Asian session on Friday. Traders continued pushing the price lower during the European hours. The GBP/USD pair broke the level 1.2300 and continued advancing south afterwards. The resistance exists at the level 1.2300, the support stands at 1.2200.

If the price stays below the 1.2300 region the selling pressure will increase towards 1.2200.

The market switched its sentiment to bullish on Friday. The US dollar found a decent support at 115.00 and bounced off the handle. Buyers pushed the price upwards on Friday. They broke 116.00 and tested 117.00 by the end of the trades. The resistance is at 117.00, the support comes in at 116.00.

The trend is clearly bearish for now. A move above 117.00 will open the way to 118.00.


Read the full review on our site:

Latest news

Chinese New Year

2019-02-01 10:04:25

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 […]

Welcome Bonus $75

2019-01-21 10:10:50

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.