EUR/USD remained confined within a well-defined range mostly trading between 1.1800 and 1.1750. The resistance resides at 1.1800, the support comes in at 1.1750.
It is too risky to trade today due to Draghi and Yellen's speeches in Jackson Hole. That’s why we prefer wait to see what may happen next.
The pound remained mostly unchanged flirting with the 1.2800 handle during the night and day sessions. The resistance lies at 1.2900, the support comes in at 1.2800.
The pound remains overwhelmingly bearish and is prone to more weakness. Sellers are interested to lower the price towards 1.2700 now.
The US dollar keeps trying to recover. The major pushed away from 109.00 and was able to reach 109.50. The resistance lies at 110.00, the support comes in at 109.00.
The 50 and 100 EMAs limit the US dollar further advance. A break above the lines might bring fresh bullishness to the pair. In this potential scenario the spot might reach 110.00 first and 110.50 second.
The pair maintained its bearish tone on Friday. The spot is still in a downward channel, however, the pound spiked to its upper end. The resistance lies at 141.00, the support is at 140.00.
Buyers need to consolidate above 141.00 to neutralize sellers' pressure. The pair is likely target 142.00 in this case.
The euro left the sideways range and headed upwards on Thursday. The major was able to regain 129.00 and advanced up to 129.20 where the upward impetus lost steam. The resistance lies at 129.50, the support lies in at 129.00.
The 129.00 level break helped the spot to gain some tractions. If bulls remain in the driver's seat the currency pair may extend its recovery towards 130.00.
The neutral stance persist in the USD/CAD pair. The price moves back and forth within a narrow range 1.2600 - 1.2530. The resistance exists at 1.2600, the support stands 1.2500.
The risk still remains towards the downside, with sellers aiming to test the 1.2450 – 1.2400 region.
DAX opened in the red on Friday. The price dropped to 12100 where the index found fresh bids. The benchmark bounced off the level and returned to 12200. The resistance lies at 12200, the support exists at 12100.
We will wait a close below 12100 and will open sell orders towards 12000.
The 5860 hurdle still limits buyers’ advance. The benchmark has recently tried to reclaim the level twice and both times failed to move beyond the level. On the other side the increasing selling pressure points to the downside risks. The resistance lies at 5860, the support exists in at 5820.
A bounce from overbought readings suggests a downward continuation. All eyes are right now at the support level 5820 and the level below – 5780.
Read the full review on our site:
+$500 FOR TRADING 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 […]
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]