After touching a high of nearly 1.17915 on Monday, the EUR/USD was trading around 1.16690 on Thursday, this before going into the weekend around 1.17170.
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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The finish for WTI Crude Oil going into this weekend was near $93.115, this after touching a high close to 96.950 on Thursday, and having completed the previous week’s results below $84.000.
Increased expectations of a peace deal soon between the USA and Iran have pushed stocks and other risky assets higher for another week, but the bearish news over the weekend as talks break down suggest Monday is likely to open with a gap down and more risk-off sentiment.
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Gold, silver, Nasdaq and major FX pairs show sensitivity to rates and geopolitics, with defined ranges and reactive price behavior.
EUR/CHF remains firm near the 50-day EMA, with a break above 0.92 opening the door toward the 200-day EMA near 0.9250.
GBP/CHF remains supported by a favorable interest rate differential, with 1.0650 as the key breakout level and 1.05 as the main support zone.
AUD/JPY remains bullish as carry trade demand and RBA strength support the pair, with 114.50 as the key breakout level and 112 as major support.
USD/JPY remains capped near 160, but the broader bias still favors buying dips while 158 support holds and yield differentials favor the dollar.
Gold continues to move with US yields, but as long as $4,600 support holds, dip-buying remains favored within a volatile $4,600–$4,900 range.
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EUR/USD is stabilizing at the 50-day EMA, but strong resistance near 1.18 and ongoing rate and energy pressures keep the pair rangebound.
WTI crude oil remains rangebound and headline-driven, with sellers capping rallies while traders watch $85 support and $100 resistance for the next breakout.
GBP/USD is holding key support near 1.35, with softer US yields and resilient Bank of England policy helping keep the pound biased higher.
The British pound continues to see a bit of support in this area, as we wait for news out of the Middle East.
The German DAX rose initially on Wednesday, but as we saw on Tuesday, sellers came into the market to start selling.
Ethereum has risen during the trading session on Wednesday and while everybody is watching Bitcoin, they seem to be sleeping on this market.