FOREX analysis detail

EURUSD further bullish momentum Expected

EURUSD further bullish momentum Expected

Upwards scenario: To prolong upwards extension, EURUSD required to clear resistive measure at 1.1347 (R1). Loss here would open route towards to resistances at 1.1377 (R2) and 1.1407 (R3) Downwards scenario: Risk of possible market easing is seen below the key support level at 1.1320 (S1), provided by the local low. Loss here would suggest next intraday target at 1.1289 (S2) and then final aim could be exposed at 1.1256 (S3) later on today.

Resistance Levels: 1.1347, 1.1377, 1.1407

Support Levels: 1.1320, 1.1289, 1.1256

TRADING SESSION

sydneySydeny Closed
tokyoTokyo Closed
londonLondon Closed
newyorkNew York Closed

Recent Market Analysis

  • USD/CHF CUT SHORT NEAR 0.9743

    USD/CHF CUT SHORT NEAR 0.9743

    USD/CHF corrective dips must ideally cut short near 0.9743 or 0.9732 for one more thrust upwards towards 0.9770 - 0.9786 regions or 0.9809 in extension. Fall below 0.9700 puts it back on a downward channel.   Ex-High: 0.9776 Ex-Low:  0.9722   Supports and Resistance levels: Support 1:  0.9732                                   Supports 2: 0.9700 Resistance 1:   0.9786                             Resistances 2: 0.9809 Pivot:  0.9754  

    55 2 days ago

  • EUR/USD MIGHT GO UP TOWARDS 1.1176

    EUR/USD MIGHT GO UP TOWARDS 1.1176

    EUR/USD should pop up towards 1.1164 or 1.1176 this bullish scenario would be spoilt if 1.1135 - 1.1116 regions is broken, a severe break down could then arise.   Ex-High: 1.1191 Ex-Low:  1.1131   Supports and Resistance levels: Support 1:  1.1116                                   Supports 2: 1.1093 Resistance 1:   1.1176                             Resistances 2: 1.1213 Pivot:  1.1153  

    64 3 days ago

  • EUR/USD FALL IS EXPECTED

    EUR/USD FALL IS EXPECTED

    EUR/USD prefers a fall to 1.1171 or 1.1151 regions. Then a correction to 1.1200 is expected. An obvious break of 1.1132 is over again bearish.   Ex-High: 1.1228 Ex-Low:  1.1170   Supports and Resistance levels: Support 1:  1.1151                                   Supports 2: 1.1132 Resistance 1:   1.1209                             Resistances 2: 1.1248 Pivot:  1.1190  

    88 4 days ago

  • GBP/USD MIGHT TEST HIGHER TO 1.2119

    GBP/USD MIGHT TEST HIGHER TO 1.2119

    GBP/USD might attempt a test higher to 1.2093 - 1.2119 following which weakness might set it to drift down to below 1.2028 boundaries.   Ex-High: 1.2106 Ex-Low:  1.2015   Supports and Resistance levels: Support 1:  1.2028                                   Supports 2: 1.1976 Resistance 1:   1.2119                             Resistances 2: 1.2158 Pivot:  1.2067  

    63 5 days ago

  • EUR/USD SHOULD TRADE HIGHER

    EUR/USD SHOULD TRADE HIGHER

    EUR/USD must trade higher to 1.1242 while 1.1202 or 1.1188 offers support. Stop loss below 1.1174 regions.   Ex-High: 1.1231 Ex-Low:  1.1162   Supports and Resistance levels: Support 1:  1.1174                                   Supports 2: 1.1134 Resistance 1:   1.1242                             Resistances 2: 1.1271 Pivot:  1.1202

    84 5 days ago

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