The demand for the single currency remained well and sound on Thursday. The spot returned to the green after the recent rally and is trading around 1.1850. The resistance resides at 1.1850, the support comes in at 1.1800. The pair pushed away from the support 1.1750 which was strengthened by the EMA50. The EUR/USD pair became definitely positive after that and is heading towards 1.1850.
The Cable spiked higher on Wednesday and broke through 1.3300. The bullish sentiment in GBP remained intact on Thursday as well. The pound is staying around its fresh highs and is prone for further strengthening. The resistance lies at 1.3400, the support comes in at 1.3300. A strong bullish sentiment is driving the pair towards 1.3400 now.
The tone is still negative in the market on Thursday. The US dollar had a sharp drop below the support level of 112.00. Sellers drove the price to 111.00 where they lost steam. The major looks vulnerable and may post more losses in the short-term. The resistance lies at 112.00, the support comes in at 111.00. We expect a pull back based on profit-taking. Buyers may reverse some of their recent losses pushing the pair towards 112.00.
Despite the positive opening the pound traded in the red on Thursday. Sellers attacked 148.00 in the morning, however, they managed to break the level only in the late European session. The resistance lies at 148.00, the support is at 147.00. Growing selling pressure points to a short-term bearish bias. Sellers aim at 147.00 now.
Sellers’ attempt to retake the 131.50 handle failed. Sellers moved the euro to 131.20 where the spot ran through fresh bids and grew to 131.80. The resistance lies at 132.00, the support is at 131.50. A break below 131.50 confirmed sellers’ strength. Now we expect another attempt to regain the level and if successful sellers may drag the pair to 131.00.
NZD/USD extended its positive bias approaching the 0.6900 hurdle on Thursday. The resistance is at 0.6900, the support stands 0.6850. The EMA100 blocked NZD’s further advance. If the major breaks above the line the buying pressure may increase towards 0.6950.
DAX had a negative start to the day. Sellers drove the price to the 12900 level where the index found fresh bids which helped the benchmark bounce back to 13000. The resistance lies at 13000, the support exists at 12900. The overall tone is already negative. We expect a return below 13000 and a next move to 12900 now.
NASDAQ continued its neutral-to-bullish trades being confined between 6400 and 6380. The resistance lies at 6400, the support exists in at 6360. The index may continue its growth any moment now. We expect a fresh buying pressure and a growth to 6440.
Read the full review on our site:
To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]
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 bonus funds for […]