Buyers made another attempt to reclaim the 1.1650 level and again failed. Bulls just touched the level and stepped away. The spot returned to the familiar range 1.1650-1.1630. The resistance resides at. 1.1650, the support comes in at 1.1600. A break above 1.1650 will point to a further strengthening towards 1.1670. Otherwise, the common currency will turn to the downside and may ease to 1.1550.
The GBP/USD pair extended its near-term upward trajectory and made a break through the mark 1.3250. Buyers led the pound to 1.3300 where they lost momentum. The resistance lies at 1.3300, the support comes in at 1.3200. All eyes are right now at the support level 1.3300. If buyers regain the level they could send this market towards 1.3350.
The US dollar maintained its upbeat tone and advanced further to 114.00. Buyers reached the level in the early European session and stayed around it after that. The resistance lies at 114.00, the support comes in at 113.00. If US dollar manages to make a breakout of 114.00, the next target for this pair is the resistance level of 115.00.
The pound maintained the bid tone and returned to the full bullish mode. Buyers led the price through the 151.00 level and continued pushing the major upwards afterwards. Bulls drove the spot to the 151.62 hurdle by the end of the European session. The resistance lies at 152.00, the support is at 151.00. If a softer tone around the yen persists the pound may continue its upward trajectory and advance up to 152.00.
The common currency demonstrated a confident increase. The EUR/JPY pair pushed away from 131.00 and rallied through 132.00 towards 132.50. The upward momentum increased when buyers touched the hurdle. As a result, the spot accelerated its incline and reached 132.70 by noon. The resistance lies at 133.00, the support is at 132.50. Buyers need to struggle hard to resume the uptrend. They need to return the pair above 133.00 into the upward channel. Only then we could say that the selling pressure is neutralized. If the euro remains below the 133.00 hurdle the spot may return to losses.
The US dollar keeps the upbeat tone unchanged vs. its Canadian peer. The major left the 1.2800 handle and reached the 1.2900 level where the major spent the whole day. The resistance is at 1.2900, the support stands 1.2800. We believe that the US dollar will resume its upbeat trajectory and will regain 1.2900 in the near-term. A cut through here will us aim at the 1.3000 level.
DAX had a positive start to the day. The index gapped upwards and jumped from the level 13300 to the 13450 mark. The resistance lies at 13500, the support exists at 13400. The benchmark confirmed its upbeat mode and will continue its incline in the coming session. The level 13500 is the next buyers’ target.
NASDAQ remained under buying pressure and broke through 6240. Buyers led the price to 6280 where they lost control. The benchmark stayed around its fresh highs afterwards. The resistance lies at 6280, the support exists in at 6240. There is not a decent obstacle which could stop buyers’ advance. The level 6280 came back to the radar when the NASDAQ index regained 6240. We wait a break higher now and its further advance to 6300.
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 […]