Are there any chances for EUR/USD to overcome 1.23?

Are there any chances for EUR/USD to overcome 1.23?

This week the EUR/USD pair showed wavy dynamics with growth and falls after the great growth on Friday, January 12. Euro started a week with the lower price than closed the last week session. But after that, we could see continuing growth until the price 1.23 that formed the resistance of this week, that it reached 3 times this week. The price managed to hit this line once this week reached the top at 1.2322, the highest level in 3 years. However, it could not continue its way to the upside. None of the candlesticks of the daily chart was able to close above 1.23. The lowest price was at the level 1.2165.


The long-term trend since the start 2017 is bullish and will remain so as long as the pair will trade above support line at 1.1950. On the daily chart 50-day MA went above 100-day MA. So the pair still has a chance to finally overcome 1.23. On the weekly chart, MACD indicator did not confirm the price high. As a result, EUR/USD may firstly decline to support levels before resuming the long-term uptrend.


Support levels are at 1.2165, 1.2090. Resistance is at 1.23, 1.2350.


GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera