Forex News Hubb
Advertisement
  • Home
  • Global Financial Market
  • Trading News
  • Contact us
No Result
View All Result
  • Home
  • Global Financial Market
  • Trading News
  • Contact us
No Result
View All Result
Forex News Hubb
No Result
View All Result
Home Trading News

The Euro remains above the 1.06000

admin by admin
December 23, 2022
in Trading News


  • The EURUSD pair fell to the 1.05750 support level yesterday.
  • Yesterday GBPUSD fell to a new December low at the 1.20000 level. 

EURUSD chart analysis

The EURUSD pair fell to the 1.05750 support level yesterday. After that, we see the euro find support at that point, and during the Asian trading session, EURUSD returns above the 1.06000 level. We are currently managing to hold above this level and could expect a slow recovery to continue. We need to reach the 1.06500 level again.

Then we need a break above and try to hold up there if we want to see further bullish recovery. For a bearish option, we need a negative consolidation and a new test of support at the 1.05750 level. A drop in the euro below could bring us a continuation of the EURUSD weakening. Potential lower targets are 1.05500 and 1.05000 levels.EURUSD Chart Analysis

GBPUSD chart analysis

Yesterday GBPUSD fell to a new December low at the 1.20000 level. After that, we saw a minor recovery that continued during the Asian trading session. Today’s high was at the 1.20750 level, where we have less resistance for now. There is a higher chance of seeing a continuation of the bullish option up to the 1.21000 level. Then we need to move above and try to stay up there.

With the next bullish impulse, we would continue the recovery of GBPUSD: Potential higher targets are 1.21500 and 1.22000 levels. For a bearish option, we need to go back to the previous support zone at 1.20000. A break below would form a new lower low, which is a sign of a possible further weakening of the pound. Potential lower targets are 1.19500 and 1.19000 levels.

GBPUSD Chart Analysis

BONUS VIDEO: Weekly news summary from the markets





Source link

Previous Post

The price of oil and support at $77.00

Next Post

The Week Ahead – Is BoJ laying groundwork for tightening?

Next Post

The Week Ahead - Is BoJ laying groundwork for tightening?

Recommended

German GDP, Spanish CPI and Can Europe Avoid a Recession?

January 12, 2023

The oil is moving above $74.00

January 5, 2023

Don't miss it

Global Financial Market

GC 1923 Still in Play – Can Bulls Tag 2k?

January 26, 2023
Global Financial Market

Market Update – January 26 – BOC Pause, TESLA Beat, USD at Lows

January 26, 2023
Global Financial Market

Re-testing weekly highs, shy of the 20-DMA

January 26, 2023
Trading News

Wisdom of the Crowd Forex Trading Strategy

January 26, 2023
Trading News

Daily Market Outlook, January 26, 2023

January 26, 2023
Trading News

Can US Data Bring Back Risk Appetite

January 26, 2023

FOREX WHITE@8x (1)

© 2022 Forex News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Global Financial Market
  • Trading News
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Global Financial Market
  • Trading News
  • Contact us

© 2022 Forex News Hubb All rights reserved.