Key Levels:Support levels: 1.1700, 1.1850, 1.2000Resistance levels: 1.2350, 1.2250, 1.2150EURUSD halted on its bullish run at the beginning of the year. On the 6th of January 2021, price peaked at 1.2350 after which it dropped through the year. Subsequent lower highs were formed on the daily chart. …
Forex Strategies
NZDUSD to Reappraise the 0.72900 Supply Zone
NZDUSD Key Levels:Resistance Levels: 0.73820, 0.72900Support Levels: 0.71350, 0.70020NZDUSD hit a significant high of 0.74680 on the 25th of February 2021 after which it has been on a downward trend. Price then ranged for a short period with 0.71350 as support after which there was a major break-out …
A Possible Bullish Break-Out on EURUSD?
EURUSD Key Levels:Resistance Levels: 1.21540, 1.22450Support Levels: 1.19860, 1.18600EURUSD is set to break out from its downward trending channel after retesting the upper border of the descending channel twice. Price reached a height of 1.23500 at the beginning of the year on the 6th of January …
