Levels to trade EUR/USD
EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
USD/JPY: target for selling
2020-09-14 • Updated
The US dollar looks vulnerable versus the Japanese yen. As you can see, the resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down. The pair formed a lower high and is already testing levels below 106.00. On the H4, the support line is at 105.75. The decline below it will open the way down to 105.30 (August support area). This bearish scenario is in line with the negative expectations traders have ahead of the FOMC meeting on Wednesday.
Trade idea for USD/JPY
SELL 105.70; TP 105.30; SL 105.85
Elizabeth Belugina
Similar
USD/JPY: selling may continue
USD/JPY is declining for the fifth day in a row. When the pair fell below 105.00, it entered a new, lower range.
EUR/USD looks ready for more downside
EUR/USD is supported around 1.1750. However, the pair has already fallen below the summer support line. We’ll view buy trades only when the pair returns above 1.1800.
Latest news
USD/JPY keeps rallying
USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
Bank of America bets S&P 500 will rise by 30%
BoA released the report with the bullish forecast for the S&P 500 and shared its technical analysis. Let's discuss it in detail.
All eyes focusing on today’s Trump - Biden debate
EUR/USD has violated the first resistance trendline area 1.1680
Deposit with your local payment systems
