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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