[Forex Cycle]

EURUSD Analysis: Key Support and Resistance Levels to Watch

The EURUSD pair is currently testing the 1.0789 support level once again. A breakdown below this level would suggest that the upside move from 1.0694 has concluded at 1.0887. In such a scenario, the next target levels would be at 1.0750, followed by 1.0694.

However, if the 1.0789 support level holds, the pullback from 1.0887 could potentially be a consolidation phase for the uptrend from 1.0694. In this case, another rise towards the 1.0950 level is still possible after the consolidation.

The initial resistance level is at 1.0840. A breakthrough of this level could potentially take the price to the next resistance level at 1.0887. Above this level, the price could aim for 1.0950.

[Swiss Frank]

ISM PMI expectation of 49.5 should be an easy beat on the upside to catalyze a move to 1.0760… Maybe.

[Belgrade Knez]

Bobby …. calendar you posted showing some red data at the top of the hour from Italy, but others don’t show it at all…… however, looks like US data at NY cut is what matter for the rest of the day

[Belgrade Bobby]

Knez – 1.07950 – if bellow -We have lots of data today – Economic Calendar

[Swiss Frank]

CHF should continue to be the weakest link….

Meanwhile eur looks like it could do a little kerplunk of its own as the hourly chart over the last week looks more and more like down moves are more impulsive while up moves more corrective AND shallower (or whatever the inverse of shallow is when it refers to higher)…

[Belgrade Knez]

will 1.0800 on EURUSD give way or it will cause reversal ?!?!…… also new monthly pivot at 1.0799

[Mtl JP]

USDCHF 8860
–
here is a first in a few days (over a week) : a (dlr) break out UP and holding

[GVI Forex]

USDJPY 15 min chart  – red lines dominating, momentum pointing up but faces the invisible hand

After yesterday’s false break to the downside we are back to staring at 150.89 and the invisible hand guarding it.

A break/close above 150.79 would produce an outside week key reversal BUT ONLY A FIRM BREAK OF 150.84-89 WOULD OPEN THE DOOR ON THE UPSIDE.

Expect support on dips as long as 150.30 holds.

[Belgrade Bobby]

Looks like a Duck, Walks like a Duck…but is it …a Duck…or SHS..

 

[Anonymous]

Dow/US30
still active movement levels: 38880–39060

[Anonymous]

Dow /US30
Into buy mood unless it closed under 38880 and keeps below it.
39060 confirmed and will be reached.
Any decline below 38880 will return to it.
________________________________________
39060 Reached yesterday.

[Mtl JP]

feelings
mester says:
–
3 rate cuts in 2024 ‘feel about right’

[GVI Forex]

XAUUSD DAILY CHART: Testing the upside

Red lines dominating but layers of resistance (blue) overhead.

The next hurdle at 2044 briefly broken, needs to become support to make a run at 2065

On the downside, expect support as long as it trades above 2025.

[Swiss Frank]

CHF…. eur/chf establishing value above the 200 day mov avg currently at .9566 AND usd/chf establishing value above the 200 day and 120 day mov avgs currently at .8844 and .8822 should see the chf take the lead in the race for the weakest…. Probably.

[Anonymous]

Thanks SF Monedg
Amman – Concur exactly. Long Sterling looking for 2660
12660 is coming after the close above 12625.

[Mtl JP]

12:28nyt 4.242% rebounding a bit
Yield

mia is usd . sofar

[GVI Forex]

USDJPY 15-minute chart – False breakout => as indicated earlier if 149.53-60 breakdown does not hold => back to 150

Let the chart do the talking.

[SF Monedge]

Amman – Concur exactly.  Long Sterling looking for 2660

[Anonymous]

EURUSD
movement levels: 10805, 10837, 10870, and 10910.
Still active
____________________________
10805 Reached and now will be in buy mood to reach again 10837

[Anonymous]

GBPUSD

Into the down move.

Movement levels : 12625 12660 12692
_________________________________
12625 confirmed will be reached
____________________________________
12625 Reached and now will be into buy mood to reach 12660

[Author]

Posts