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Old 22-12-2011, 04:06
IvanUrupa's Avatar
IvanUrupa IvanUrupa is offline
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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 1.3082, and if the pair breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3148 and above towards resistance level 1.3236 if the market breaks above resistance level 1.3174.

If the pair breaks under support level 1.2970, a downtrend will start with the downside target set at support level 1.2894.


Support levels: 1.2970, 1.2894

Resistance levels: 1.3082, 1.3148, 1.3174, 1.3236




GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.5708, and if the pair breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.5745 and above towards resistance level 1.5785.

If the pair breaks under support level 1.5627, a downtrend will start with the downside target set at support level 1.5598 and below towards support level 1.5542.


Support levels: 1.5627, 1.5598, 1.5542

Resistance levels: 1.5708, 1.5745, 1.5785

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