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EURUSD Eyes Further Downside Pressure

EURUSD faces risk of further move lower following its sell off the past week. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach above here will target the 1.1250 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the

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EURUSD Maintains Third Day Of Losses

EURUSD faces risk of further move lower as it embarks on a third of bearishness. This is coming on the back of its price rejection on Tuesday. Resistance stands at the 1.1250 where a break will turn risk towards the 1.1300 level. A breach above here will target the 1.1350 level. Further up, resistance stands at the 1.1400. Conversely, on the downside, support

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EURGBP Eyeing Medium Term Uptrend Resumption

EURGBP looks to strengthen further and resume its medium term uptrend. On the downside, support lies at the 0.8700 level where a violation will turn focus to the 0.8650 level. A break below here will aim at the 0.8600 level. Further down, support comes in at 0.8550 level. Conversely, resistance lies at the 0.8800 level. A violation if seen will turn risk towards

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USDCHF Vulnerable On Further Sell Off

USDCHF faces risk of further move lower as it sold off the past week. Resistance comes in at the 0.9400 level. Above here, resistance lies at the 0.9650 level and then the 0.9650 level. Further out, resistance stands at the 0.9700 level. On the downside, support is located at the 0.9300 level with a turn below here opening the door for more decline

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Your Enemy Number One In Trading Is Your Emotion

When markets become volatile the usual response is an emotionally charged set of actions. On one hand, the bulls see any pullback as a buying opportunity as the market has been charging upward making new all-time highs almost on a daily basis. Their fear of missing out on the upward move is allayed temporarily because the selloff provides an opportunity for them to

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EURUSD Eyeing Further Price Recovery Higher

EURUSD faces risk of further move higher following its past week rally. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1000 level with a violation of there opening the door for

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GBPJPY Faces Risk Of Further Weakness

GBPJPY looks to weaken further following a strong sell off on Friday. On the downside, support comes in at the 137.50 level where a violation will aim at the 137.00 level. A break below here will target the 136.50 level followed by the 136.00 level. Its daily RSI bearish and pointing lower suggesting further weakness. Conversely, resistance is seen at the 138.50 level

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EURGBP Focus Shifts To Recovery Higher

EURGBP looks to recover further higher on correction. On the downside, support stands at the 0.8400 level where a violation will turn focus to the 0.8350 level. A break below here will aim at the 0.8300 level. Further down, support comes in at 0.8250 level. Conversely, resistance lies at the 0.8450 level. A violation if seen will turn risk towards the 0.8500 level.

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