View Single Post
  #2  
Old 09-11-2011, 04:13
IvanUrupa's Avatar
IvanUrupa IvanUrupa is offline
Level II Lasers Member
 
Join Date: Nov 2011
Posts: 35
Default Re: "Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

EURUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.3866, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3972.

If the pair breaks under support level 1.3773, a downtrend will start with the downside target set at support level 1.3694.



Support levels: 1.3773, 1.3694

Resistance levels: 1.3866, 1.3972




GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.6130, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6272.

If the pair breaks under support level 1.6040, a downtrend will start with the downside target set at support level 1.5958.



Support levels: 1.6040, 1.6000, 1.5958

Resistance levels: 1.6130, 1.6176, 1.6272

Reply With Quote