The GBPUSD Today, is trading in a bearish direction during the European session. The pound is trading at $1.2638, and as the shown chart shows, the pound is trading below the intersections of the moving averages. The MACD indicator also indicates a negative trend indicating a weakness in selling power.
Accordingly, we can carry out a selling operation, waiting for the price to fall to the $1.2618 area, and the target could be the $1.2587 area. It is also recommended to choose the $1.2655 area as a stop loss point to control risk.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at $1.2655 is broken, the pound price may head towards the $1.2687 level.
GBPUSD Technical Analysis: resistance and support levels
Second resistance: 1.2658
First resistance: 1.2654
Pivot level: 1.2647
First support: 1.2643
Second support: 1.2636
EURUSD Technical Analysis: It is trading in a downward trend
the EURUSD Today, is trading in a bearish trend during the European session. The euro is trading at $1.0955, and as the chart shows, trading is weak at most of the moving average intersections. The MACD indicator also indicates a negative trend indicating a weakness in selling power.
Accordingly, we can carry out a selling operation, waiting for the price to fall at the level of $1.0926, and the target could be the $1.0880 area. It is also recommended to choose the $1.0982 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at $1.0982 is broken, the euro price may head towards the $1.1022 level.
EURUSD Technical Analysis: resistance and support levels
- Second resistance: 1.0966
- First resistance: 1.0963
- Pivot level: 1.0957
- First support: 1.0953
- Second support: 1.0948
