FOREX: EURUSD Bulls under pressure while price is below 21-DMA; Major Support and Resistance 05.12.2018

05.12.2018 / 10:28

Rating:

EURUSD: FOMC Williams supported rate hike scenario for 2019, which weighted on EURUSD bullish scenario ; if the price close below 21-DMA the focus will be at ~1.12
* 3rd resistance:1.1500- high 07.11.2018
* 2nd resistance:1.1459- 55-DMA
* 1st resistance: 1.1400- close/open 29-30.11.2018
* Spot: 1.1350
* 1st support: 1.1300 - daily pivot support
* 2nd support: 1.1259- down deviation band
* 3rd support: 1.1200- daily pivot support

GBPUSD: Negative price action sends the price to the lowest level of 2018; Bears focus stays at Aug. low at ~1.2660
* 3rd resistance: 1.2998- zone 55-DMA resistance
* 2nd resistance: 1.2918-
* 1st resistance: 1.2842-21-DMA
* Spot: 1.2737
* 1st support: 1.2635 - daily pivot resistance
* 2nd support: 1.2556 - daily pivot resistance
* 3rd support: 1.2458 - daily pivot resistance

USDJPY: Bears momentum weakens at resistance from Ichimoku cloud; seek for close around 55-DMA for further direction.
* 3rd resistance: 114.50- close/open 03-04.10.2108
* 2nd resistance: 114.00- close/open 08-09.11.2018
* 1st resistance: 113.41 - 21-DMA
* Spot: 113.00
* 1st support: 112.33- support from 100-DMA
* 2nd support: 111.90- daily pivot resistance
* 3rd support: 111.24- daily pivot resistance

AUD/USD: Bullish momentum has been pared at resistance from 200-DEMA ~ 7390; price formation Head & Shoulders is still valid while price is above 55-DMA
* 3rd resistance: 0.7445 -high 09.08.2018
* 2nd resistance: 0,7419- 200-DMA
* 1st resistance: 0.7378- 200- EMA
* Spot: 0.7351
* 1st support: 0.7310-daily pivot support
* 2nd support: 0,7284-13- DMA
* 3rd support: 0.7243 - 100- DMA

Trader Velizar Mitov

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FOREX: EURUSD Bulls under pressure while price is below 21-DMA; Major Support and Resistance 05.12.2018

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