Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Daily Market Analysis By FXOpen
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Resolve, post: 196472, member: 29339"] [B]EUR/USD and EUR/JPY: Euro Eyes Fresh Increase[/B] [IMG]https://i.postimg.cc/CxzjDyDd/Euro-EUR-USD.jpg[/IMG] [B][I]EUR/USD struggled to clear 1.2200 and recently corrected lower. EUR/JPY is trading in a positive zone, but it must clear 133.70 for more upsides.[/I] Important Takeaways for EUR/USD and EUR/JPY[/B] [LIST] [*]The Euro declined below the 1.2150 and 1.2120 support levels, and tested 1.2100. [*]There is a key bearish trend line forming with resistance near 1.2142 on the hourly chart. [*]EUR/JPY gained pace after it broke the 132.80 and 133.00 resistance levels. [*]There was a break above a major bearish trend line with resistance near 132.90 on the hourly chart. [/LIST] [B]EUR/USD Technical Analysis[/B] The Euro started a fresh decline from the 1.2200 resistance zone against the US Dollar. The EUR/USD pair broke the 1.2150 and 1.2120 support levels to move into a short-term bearish zone. The pair even settled well below 1.2150 and the 50 hourly simple moving average. A low was formed near 1.2092 on FXOpen and the pair is now correcting losses. There was a break above the 1.2120 resistance level and the 50 hourly SMA. [IMG]https://i.postimg.cc/fRpYfHjC/eurusd-chart-2.png[/IMG] There was also a break above the 23.6% Fib retracement level of the recent drop from the 1.2192 high to 1.2092 low. The pair is now facing a strong resistance near the 1.2140 and 1.2150 levels. There is also a key bearish trend line forming with resistance near 1.2142 on the hourly chart. The trend line is close to the 50% Fib retracement level of the recent drop from the 1.2192 high to 1.2092 low. A proper break above the trend line resistance could pop the pair higher towards the 1.2200 resistance zone. The next major resistance is near the 1.2220 level. Any more gains could set the pace for a fresh high above the 1.2150 level in the near term. On the downside, an immediate support is near the 1.2100 level. If there is a downside break, EUR/USD might continue to move down towards the 1.2060 support. Any more losses could open the doors for a test of the 1.2020 support region. [B]Read Full on FXOpen Company Blog...[/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…