Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! The trend for the EURUSD has been in a downward move since last November. The pair has found support just under 1.2900 and has pressured higher so far this year. Could this be the beginings of a longer push…
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The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.
EUR/USD – Current 1.3300
Overview – Early this week we are seeing the potential break of the daily trend line that has been down since the beginning of last November. The price has found resistance at 1.3400 but a break will look for the next extension higher. The next major support break comes through 1.3075.
Resistance – 1.3335 / 1.3313 / 1.3485 / 1.3595 / 1.3693
Support – 1.3185 / 1.3075 / 1.2986 /1.2890 / 1.2810 / 1.2750
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GBP/USD – Current 1.5910
Overview – Daily Fib near 1.5930 capping
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The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.
EUR/USD – Current 1.3027
Overview – So far this week the EURUSD has been locked in a trend channel drifting from the 1.2880 area to the mid 1.3040 area. A clean push higher will test previous supports near 1.3090. More downside could be expected on a break below 1.2885.
Resistance – 1.3045 / 1.3085 / 1.3140 / 1.3190 / 1.3215
Support – 1.2970 / 1.2923 / 1.2890 / 1.2810 / 1.2750
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GBP/USD – Current 1.5675
Overview – Much like the EURUSD this pair has been drifting
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Sell posted to TAP today at 10:06am selling at 0.9980. Market held resistance as expected under 1.0 and trend line. Fib of previous down move put .236 at .9978 giving additional confirmation of resistance there. Support targets back to…
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The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.
EUR/USD – Current 1.2925
Overview – Supports along 1.2890 area holding bottom side pressure for now. A confident break of this support will look for the next slide to 1.2800 and 1.2750. Resistance will likely be seen near 1.2975 but a push could send it higher to 1.3080.
Resistance – 1.2975 / 1.3035 / 1.3080 / 1.3148 / 1.3190
Support – 1.2890 / 1.2810 / 1.2750 / 1.2670 / 1.2625
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GBP/USD – Current 1.5540
Overview – Consolidation is dominant viewed on the
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The Daily Trader update provides technical analysis of major currency pairs and forex market conditions at the time of the post. The support and resistance levels posted and current market price could be dramatically different from what you are seeing at the moment.
Looking forward to the end of the week, there are some significant news events that could dramatically change the technical trading outlook.
EUR/USD – Current 1.3145
4 hour View – As noted in the last update, a break of the 1.3300 area gave way to the next leg lower and now finding support in the mid 1.3100’s. Significant congestion between
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EUR/USD – Current 1.3315
4 hour View – Major resistance at 1.3410 area. A break heads back to 1.3500. 4 hour trend has been up but seeing some downside pressure.
Resistance – 1.3360 / 1.3385 / 1.3410 / 1.3470 / 1.3500
Support – 1.3341 / 1.3322 / 1.3303 / 1.3282 / 1.3264
Intraday Opportunities – Next leg lower begins with a break of 1.3300. Above 1.3350 could challenge 1.3385 and 1.3400
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GBP/USD – Current 1.5480
4 hour View – Bears took over after market open on Sunday however
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Buy posted at 8:21am ET buying at 0.9575 area. We have seen multiple supports line up at this level. Looking for a triple bottom bounce and continued signs of reversal after that. Market has ranged between 0.9575 and 0.9700…
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