FOREX: EURUSD Focus stays at ~1.15: Major Support and Resistance 10.12.2018

10.12.2018 / 11:26

Rating:

EURUSD: Lower than expected data from Friday`s NFP lower the USD strength; focus stays at 100 - DMA ~1.15
* 3rd resistance:1.1510 - zone 1оо -DMA
* 2nd resistance:1.1460 - daily pivot resistance
* 1st resistance: 1.1430 - zone 55-DMA
* Spot: 1.1390
* 1st support: 1.1350 - zone 13-DMA & 21- DMA
* 2nd support: 1.1370 - daily pivot support
* 3rd support: 1.1300 - daily pivot support

GBPUSD: Bear mood prevails within pair while price is below 21-DMA; focus remains on Aug lows ~1.2660
* 3rd resistance: 1.2860- daily pivot resistance
* 2nd resistance: 1.2820 - daily pivot resistance
* 1st resistance: 1.2780- zone 21-DMA
* Spot: 1.2747
* 1st support: 1.2700 - close/open 30-31.10.2018
* 2nd support: 1.2650 -low 04.12.2018
* 3rd support: 1.2600 - daily pivot support

USDJPY: Seller impulse finds resistance at Ichimoku cloud; seeking for daily close around 55-DMA for confirmation of "triangle" breakout from downside.
* 3rd resistance: 113.20 - zone 21-DMA
* 2nd resistance: 113.00 - zone 55-DMA
* 1st resistance: 112.85 - daily pivot resistance
* Spot: 112.70
* 1st support: 112.47 - support from Ichimoku cloud
* 2nd support: 112.32 - zone 100- DMA
* 3rd support: 112.10 - daily pivot support

AUD/USD: Bear momentum slows down at resistance zone from 55-DMA at ~0.7190; price formation Head & Shoulders is still valid while price is above 55-DMA
* 3rd resistance: 0.7275 - upper deviation band
* 2nd resistance: 0,7258 - daily pivot resistance
* 1st resistance: 0.7232 - daily pivot resistance
* Spot: 0.7215
* 1st support: 0.7190 - 55- DMA
* 2nd support: 0,7170 - daily pivot support and down deviation band
* 3rd support: 0.7145 - daily pivot support

Trader Velizar Mitov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FOREX: EURUSD Focus stays at ~1.15: Major Support and Resistance 10.12.2018

London

Universal numbers