GBPUSD Technical Analysis, The pound dollar is trading today in a sideways trend inclined to decline during the European session. The pound is trading at $1.2560, and as the chart shows, the pound is trading below most of the moving average intersections. The MACD indicator also indicates a negative trend indicating the presence of selling power.
Accordingly, we can carry out a selling operation if the price of the pound/dollar pair breaks the area of $1.2541, and the target could be the area of $1.2511. It is also recommended to choose the $1.2574 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
GBPUSD Technical Analysis ,On the other hand, if the stop loss area at $1.2574 is broken, the pound price may head towards the $1.2602 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2618
• First resistance: 1.2611
• Pivot level: 1.2605
• First support: 1.2598
• Second support: 1.2592
EURUSD Technical Analysis: It is trading in a downward trend
EURUSD Technical Analysis,The EUR/USD is trading in a bearish trend today during the European session. The euro is trading at $1.0705, and as the chart shows, trading is below 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 if the Euro/Dollar price breaks at the level of $1.0690, and the target could be the $1.0667 area. It is also recommended to choose the $1.0715 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
EURUSD Technical Analysis, On the other hand, if the stop loss area at $1.0715 is broken, the euro price may head towards the $1.0741 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0722
• First resistance: 1.0720
• Pivot level: 1.0717
• First support: 1.0715
• Second support: 1.0712
Gold Technical Analysis: gold price today
Gold Technical Analysis, gold price today against the dollar during the European session in a sideways trend. We advise against trading until there are clear signs of a trend.
