The euro remained under pressure due to the bid sentiment around the dollar. Sellers broke the 1.2000 handle and drove the pair lower where the 1.1950 level together with the EMA50 stopped them. The pause was short-lived and the single currency extended its losses on Tuesday. The resistance resides at 1.1950, the support comes in at 1.1900.
After breaking through the 1.1950 level the spot may decline to the 1.1900 level.
The pound got under pressure on Tuesday and declined to 1.3530 where the EMA50 stopped the price. The resistance lies at 1.3600, the support comes in at 1.3500. .
The growing US dollar momentum will keep dragging the pound to refresh its lows. The first sellers’ target is the level 1.3500. The 1.3450 mark is the next attractive price for sellers.
USD/JPY got under pressure and softened below 113.00 on Tuesday. Buyers had no steam to push the pair higher, however, they were strong enough to stop the decline and even reversed some losses. The US dollar was stopped around 112.50 where the EMA200 lied. The resistance lies at 113.00, the support comes in at 112.00.
Sellers need to break through the 200 EMA to lower the price further. If they succeed they may move the spot to the 112.00 handle.
A fresh wave of the pound selling interest pushed the GBP/JPY pair to the level 153.00 where sellers met a barrier and had to take a pause in the Asian session. The selling interest returned in the morning, when sellers drove the pair to 152.50 where the EMA50 lied. The resistance lies at 153.00, the support is at 152.00.
GBP/JPY will probably remain under pressure today. Sellers might push the pound towards 152.00 in the coming sessions.
The euro continued its slide versus its Japanese peer on Tuesday. Sellers left the 135.00 region and moved the spot to the 134.50 handle where buyers tried to stop sellers using the EMA100. The resistance lies at 135.00, the support is at 134.50.
We assume that the selling pressure will remain intact later the day. If so sellers might lower the EUR/JPY pair to the support at 134.00.
The recovery from 1.2350 stalled at 1.2450. The US dollar is oscillating between 1.2450 and 1.2400 now. Thus, the price eased to 1.2400 in the night where the spot found fresh bids and returned to the upper end of the range. The resistance is at 1.2450, the support stands 1.2400.
Taking into consideration the growing positive bias around the US dollar we do not rule out another buyers’ attempt to lift the spot towards 1.2500.
DAX was inactive on Tuesday. The index stayed around its fresh highs in the 13400 region. The resistance lies at 13400, the support exists at 13300.
DAX may pull back today amid some profit-taking action. The price might ease to 13300 in this case.
Buyers continued to dominate on Tuesday. NASDAQ is in uptrend and is heading towards 6700. The resistance lies at 6700, the support exists in at 6660.
If bulls retain control they could touch 6700 in the coming sessions.
Read the full review on our site:
WHAT ARE THE BENEFITS OF MEGAPROTECT BONUS? +100% of the deposited amount! 100% protection during the drawdown Up to 5000 USD per one account Up to 15000 USD per one profile
FortFS wishes its clients happy upcoming holidays and announces the start of the annual promotion – Christmas Fairy Tale! From December 02, 2019 to January 10, 2020 you can participate in the promotion and get up to $15 for every 10 closed lots with a trading account balance starting from only 100 USD! How to […]