The euro preserved its positive bias during the first part of the day on Thursday. The major stayed above 1.1750 trying to continue its recovery. Sellers returned in the mid-European session and started to push the spot downwards. The resistance resides at 1.1800 , the support comes in at 1.1750.
If the immediate pressure persists the EUR/USD pair will retake 1.1750 and will decline to 1.1700.
The pound failed to reverse its losses and preserved its negative undertone. The spot almost reached 1.3300 when a bout of fresh selling pressure changed its trajectory and dragged the price lower. Sellers regained 1.3200 in the late European session. The resistance lies at 1.3200, the support comes in at 1.3100.
Bears still have the ball and may push the pair lower any moment. In this potential scenario GBP/USD may decline to 1.3100 in the coming sessions.
The upward trajectory remained intact on Thursday. Despite the overall positive sentiment the USD/JPY pair was in a sell mode on Thursday. The US dollar bounced from the upper limit of the ascending channel and edged lower after that. The resistance lies at 113.00, the support comes in at 112.00.
A renewed selling momentum could help sellers to regain the 112.50 mark in the near-term.
The negative bias persists in the GBP/JPY pair. The pair was locked between 150.00 and 149.00 the night and the early morning. Sellers fought back control in the European session and pushed the spot lower. They broke 149.00 and led the pair downwards reaching 148.00 ahead of the NY opening. The resistance lies at 149.00, the support is at 148.00.
If we see a close below 148.00 we will sell the spot towards 147.00.
The EUR/JPY pair looks has chosen its direction. A fresh wave of selling pressure emerged in the morning and drove the pair 132.00. The resistance lies at 132.50, the support is at 132.00.
A downtrend will start as soon, as the pair drops below the support level 132.00.
The Australian dollar keeps losing ground versus its American counterpart on Thursday. Sellers retook 0.7850 and are trying to extend their gains now. The resistance is at 0.7850, the support stands 0.7800.
The Aussie has a room to extend its losses but first the major needs to move below 0.7800. Only then sellers will have a chance to push the pair to 0.7750.
DAX was neutral on Thursday hovering above 12900. The resistance lies at 13000, the support exists at 12900.
The overall trend remains bullish. However, we do not expect any activity today. We assume the benchmark will stay neutral the whole day.
S&P500 remained well bid on Thursday. Buyers still control the market and are flirting with the 2540 handle now. The resistance lies at 2540, the support exists in at 2530.
A break above 2540 will suggest further growth towards 2550.
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 […]