Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

EURUSD Declined To Make A New Low To 1.05

Published 03/12/2015, 05:04 AM
Updated 08/29/2019, 07:20 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-

EUR/USD Daily Pivots
R3 - 1.0875
R2 - 1.0796
R1 - 1.067
Pivot - 1.059
S1 - 1.0464
S2 - 1.0384
S3 - 1.02582


EUR/USD Hour Chart


EUR/USD declined to make a new low to 1.05 levels and looks to have hit support. A break below this low could see more declines on the cards for EUR/USD. On the other hand, a bounce would see a test to the daily pivot level and the falling trend line for resistance. Only a break above the first trend line will give any views of a change in direction, which given the current circumstances looks quite unlikely.

USD/JPY Daily Pivots

R3 - 122.56
R2 - 122.089
R1 - 121.787
Pivot - 121.317
S1 - 121.015
S2 - 120.544
S3 - 120.233


USD/JPY Hourly Chart


USD/JPY continues it ascent in a sharp angle. Price made a brief high at 122 before easing back from the highs. A break above 122 is required for USD/JPY to push higher, while a failure to do so could see a decline lower to test the support at 120.8 levels, which shows a strong confluence of the short term trend line and the horizontal support level as well.

GBP/USD Daily Pivots

R3 - 1.5255
R2 - 1.5175
R1 - 1.5051
Pivot - 1.4972
S1 - 1.4849
S2 - 1.4769
S3 - 1.4645

GBP/USD Hourly Chart


GBP/USD posted another day of decline and is seen trading near 1.4914 lows currently stabilizing near these levels. A break below this low could open the way for a decline down to the next support at 1.4502 levels with not much of support in between. On the contrary, a reversal from the current lows could see a bounce towards the resistance at 1.504 levels but not before reacting to the trend line from the main price channel.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.