"Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

[Ivan Urupa]

Re: "Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

EURUSD [H1]

The pair is trading along an uptrend. Resistance level 1.3541 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.3614 and above towards resistance level 1.3694.

If the pair will have no possibility of rising above resistance level 1.3541 and will subsequently drop below support level 1.3413, we can expect a downtrend to develop towards support level 1.3340.


Support levels: 1.3413, 1.3340

Resistance levels: 1.3541, 1.3614, 1.3694

GBPUSD [H1]

The pair is trading along an uptrend. Resistance level 1.5945 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.6087.

If the pair will have no possibility of rising above resistance level 1.5945 and will subsequently drop below support level 1.5848, we can expect a downtrend to develop towards support level 1.5767.


Support levels: 1.5848, 1.5767

Resistance levels: 1.5945, 1.6087

 

[dsginvestment]

Re: "Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

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[Ivan Urupa]

Re: "Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

EURUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.3346, and if the pair breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3396 and above towards resistance level 1.3457.

If the pair breaks under support level 1.3290, a downtrend will start with the downside target set at support level 1.3227.


Support levels: 1.3290, 1.3227

Resistance levels: 1.3340, 1.3396, 1.3457

GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.5960 and if the pair breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6039 and above towards resistance level 1.6088.

If the pair breaks under support level 1.5896, a downtrend will start with the downside target set at support level 1.5821 and below towards support level 1.5772.


Support levels: 1.5896, 1.5821, 1.5772

Resistance levels: 1.5960, 1.6039, 1.6088

 

[Ivan Urupa]

Re: "Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

EURUSD [H1]

The pair is trading along an uptrend. Resistance level 1.3275 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.3340 and above towards resistance level 1.3396.

If the pair will have no possibility of rising above resistance level 1.3275 and will subsequently drop below support level 1.3185, we can expect a downtrend to develop towards support level 1.3147 and below towards support level 1.3111.


Support levels: 1.3185, 1.3147, 1.3111

Resistance levels: 1.3275, 1.3340, 1.3396

GBPUSD [H1]

The pair is trading along an uptrend. Resistance level 1.5954 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.6068.

If the pair will have no possibility of rising above resistance level 1.5954 and will subsequently drop below support level 1.5829, we can expect a downtrend to develop towards support level 1.5775 and below towards support level 1.5706.


Support levels: 1.5829, 1.5775, 1.5706

Resistance levels: 1.5954, 1.6068