The EUR/USD pair found a decent support around 1.1750. The spot posted a fresh low at 1.1722, faced rejection around the mark and moved to 1.1764. The resistance resides at 1.1800, the support comes in at 1.1750. The 1.1750 handle appeared to be well guarded by buyers. A short-lived buying interest is possible today. Buyers may push the price 1.1770 in this scenario.
The pound is still in a short-term downward channel flirting with 1.3200. The resistance lies at 1.3200, the support comes in at 1.3100. The level 1.3200 strengthened by the EMA50 and EMA100. Buyers need to try hard to break above this region. It is easy for them to move downside and try their luck with the 1.3100 handle.
Buyers faced a stiff resistance around 114.00 and stepped away. The pair bounced off the border of the overbought zone and softened towards 113.00. The US dollar found fresh bids a few pips above the level and reversed a minor portion of its previous losses. The resistance lies at 114.00, the support comes in at 113.00. A minor technical correction is underway now. Sellers may lead the pair to 113.00 in the upcoming sessions.
GBP/JPY retreated from 150.00 after a number of unsuccessful attempts to regain the hurdle. As a result, sellers led the pound to 149.60. The resistance lies at 150.00, the support is at 149.00. The pound may ease further and test 149.00 in the coming sessions.
EUR/JPY continued its decline and tested 133.50. After breaking the level the pair accelerated its sell-off and reached the level 133.00 which rejected the euro. The common currency rebounded from the level and rallied to 133.70. The resistance lies at 134.00, the support is at 133.50. The spot may extend its losses today if the price returns below 133.50.
The buying interest remained intact on Tuesday. The pair was neutral-to-bearish during the Asian hours staying between 1.2625-1.2650. The European session brought fresh bullishness and buyers made an attempt to leave the range. The resistance is at 1.2700 the support stands 1.2600. To our opinion the USD/CAD pair will extend its gains towards 1.2700 in the upcoming sessions.
DAX is neutral trading in a tight range around 13000. The resistance lies at 13100, the support exists at 13000. We believe the index will preserve its neutral stance today.
NASDAQ sharply fell after spending a week at 6120. The price dropped to 6080 where the benchmark spent the first part of the day. The resistance lies at 6080, the support exists in at 6040. We assume the benchmark will stay around its lows today. We do not rule out a minor correction to 6090.
Read the full review on our site:
Only from November 02nd, 2020, to January 04th, 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 […]
Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]