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EUR/USD Technical Analysis: Euro entering the Asian session above the 1.1075 level

8 monthes ago   |   By FXCM

The market is consolidating the recent gains above the 1.1075 level.
Resistances can be seen at the 1.1110 and 1.1150 levels.
EUR/USD daily chart
The Fiber, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages .
EUR/USD four-hour chart
The market is trading above the 1.1075 level and the main SMAs. As the bullish pressure remains present above 1.1075, there is the potential for a move up to the 1.1110 and 1.1150 levels, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs...
Read more ...

 

GBP/USD Technical Analysis: Cable trading at weekly lows, challenging the 1.2910 level

8 monthes ago   |   By FXCM

GBP/USD is trading at its lowest since the week started.
The level to beat for bears is the 1.2910 support.
GBP/USD daily chart
The pound is currently correcting last month's rally in the 1.2800-1.3000 price zone. GBP/USD, in October, hit levels not seen since mid-May 2019.
GBP/USD four-hour chart
GBP/USD is easing from the monthly highs while nearing the 1.2910 support level. A break below it could lead to further losses towards the 1.2890 and 1.2870 levels, according to the Technical Confluences Indicator.
GBP/USD 30-minute chart
The spot is trading at daily lows below its main SMAs...
Read more ...

 


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