Posts Tagged ‘forex market’

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 1.3665

Overview - Last week we saw a push back to the 1.3700 area capping just under the previous weeks high. As long as it continues to hold under 1.3740 will be looking for the potential return back down to 1.3400. A push through 1.3740 will retest the 1.3850’s then back to 1.4000.

Resistance - 1.3708 / 1.3740 / 1.3790 / 1.3824 / 1.3858

Support - 1.3640 / 1.3620 / 1.3574 / 1.3547 / 1.3500 / 1.3460

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GBP/USD – Current 1.6216

Overview – I have been watching the test of the top of (more…)

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 1.3520

Overview - The past two weeks have found support in the mid 1.3500’s and a new leg down could target 1.3400 for the next support. Long terms trends on the daily and weekly are difficult to discern so I will continue to watch for breakouts on the 1 hr and 4 hr charts.

Resistance - 1.3628 / 1.3667 / 1.3737 / 1.3791 / 1.3824

Support - 1.3490 / 1.3413 / 1.3279 / 1.3187 / 1.3078

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GBP/USD – Current 1.6105

Overview – I have been watching the test of the top of (more…)