Ivan Urupa
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Re: "Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD
EURUSD [H1]
The pair is trading along a downtrend. Support level 1.3365 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3315 and below towards support level 1.3236.
If the pair will have no possibility of getting below support level 1.3365 and will subsequently rise above resistance level 1.3462, we can expect an uptrend to develop towards resistance 1.3541.
Support levels: 1.3365, 1.3315, 1.3236
Resistance levels: 1.3462, 1.3541
GBPUSD [H1]
The pair is trading along a downtrend. Support level 1.5575 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5540 and below towards support level 1.5485.
If the pair will have no possibility of getting below support level 1.5575 and will subsequently rise above resistance level 1.5653, we can expect an uptrend to develop towards resistance 1.5725.
Support levels: 1.5575, 1.5540, 1.5485
Resistance levels: 1.5653, 1.5725
EURUSD [H1]
The pair is trading along a downtrend. Support level 1.3365 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3315 and below towards support level 1.3236.
If the pair will have no possibility of getting below support level 1.3365 and will subsequently rise above resistance level 1.3462, we can expect an uptrend to develop towards resistance 1.3541.
Support levels: 1.3365, 1.3315, 1.3236
Resistance levels: 1.3462, 1.3541
GBPUSD [H1]
The pair is trading along a downtrend. Support level 1.5575 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5540 and below towards support level 1.5485.
If the pair will have no possibility of getting below support level 1.5575 and will subsequently rise above resistance level 1.5653, we can expect an uptrend to develop towards resistance 1.5725.
Support levels: 1.5575, 1.5540, 1.5485
Resistance levels: 1.5653, 1.5725