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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
Simply Click The Get Started Button Right Now!
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