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Old 17-02-2012, 04:16
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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 trading along an uptrend. Resistance level 1.3160 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.3236.

If the pair will have no possibility of rising above resistance level 1.3160 and will subsequently drop below support level 1.3065, we can expect a downtrend to develop towards support level 1.2968.


Support levels: 1.3065, 1.2968

Resistance levels: 1.3160, 1.3236




GBPUSD [H1]

The pair is trading along an uptrend. Resistance level 1.5832 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.5896 and above towards resistance level 1.5945.

If the pair will have no possibility of rising above resistance level 1.5832 and will subsequently drop below support level 1.5770, we can expect a downtrend to develop towards support level 1.5732 and below towards support level 1.5690.


Support levels: 1.5770, 1.5732, 1.5690

Resistance levels: 1.5832, 1.5896, 1.5945

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