EUR/USD holds steady near 1.0415 as markets anticipate the ECB’s policy update, with resistance at 1.0560 and a break below 1.0330 signaling further downside.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Gold remains near record highs at $2757, with traders eyeing $2766 resistance and US economic data for further direction amid Fed policy uncertainty.
GBP/USD attempts a rebound but remains below key resistance, with traders watching US economic data for clues on the pair’s next move.
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USD/JPY continues its recovery from 153.71 support, with bulls targeting 156.80 and 158.00, while traders monitor US economic data for further momentum.
GBP/JPY continues its upward bias, holding above ¥190 support, with traders watching for a potential breakout toward ¥200 amid ongoing yen weakness.
USD/CHF rallies as the Fed holds rates steady with a hawkish tone, while the Swiss National Bank's dovish stance weakens CHF, making 0.91 a key breakout level.
Ethereum stabilizes around $3000, with traders watching Bitcoin’s movement and key levels at $2900 support and $3200 resistance for the next breakout.
The CAC 40 continues to consolidate around €7850, with traders eyeing the ECB meeting and a potential breakout toward €8000 if bullish momentum strengthens.
EUR/AUD saw early gains fade as traders awaited ECB’s rate cut guidance, with China’s economic slowdown pressuring AUD and 1.68 acting as key resistance.
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The AUD/USD pair plunged as cooling Australian inflation increased RBA rate cut bets, while Fed policy expectations added pressure, with 0.6130 as the next key support.
GBP/USD remains under pressure near 1.2440 as traders anticipate US GDP data, with downside risks from the Fed's steady stance and BoE’s expected rate cuts.
EUR/USD has retreated below 1.0450 following the Fed’s hawkish stance, with traders anticipating further declines to 1.0250 ahead of the ECB's upcoming rate decision.
The USD/ILS experienced brief volatility early in the week but has since stabilized below 3.60000, with support holding near 3.53000 as traders monitor geopolitical developments.
The USD/MYR holds near 4.4000 amid low trading volumes, with potential for further bearish movement as markets remain cautious post-Fed decision.
EUR/MXN consolidates ahead of the ECB rate decision, with traders watching Mexican tariff risks and key support at 21.00 MXN and resistance at 22.50 MXN.