Forecast for the EUR/USD currency pair
Technical indicators of the currency pair:
Prev Opening: 1.06110
Opening: 1.06419
Chg. % of the last day: +0.31
Daily range: 1.06369 – 1.06529
52-week range: 1.0366 – 1.1616
Yesterday, purchases prevailed on EUR/USD. At the moment, the currency is already testing a “mirror” support level of 1.06400. The news background on the EU economy is calm today.
The MACD histogram is in the positive area, but below the signal line, which gives a weak signal to buy EUR/USD.
Stochastic Oscillator has fixed in the neutral zone, %K is below %D, which indicates a bearish sentiment on EUR/USD.
Trading recommendations
Support levels: 1.06400, 1.06100
Resistance levels: 1.06750
If the data on the real estate market in the US is weak, the growth of the EUR/USD quotations may continue. The immediate goal for profit taking is 1.06750-1.07000.
An alternative may be a downward trend on EUR/USD to around 1.06100.
Forecast for the GBP/USD currency pair
Technical indicators of the currency pair:
Prev Opening: 1.25302
Opening: 1.25629
Chg. % of the last day: +0.23
The daily range: 1.25501 – 1.25920
52-week range: 1.1986 – 1.5020
On Friday, April 14, the GBP/USD currency pair held a round level of 1.25000, which caused a bullish sentiment. During this period, the growth of the GBP/USD quotations exceeded 80 points. At the moment, the currency is being traded near the 1.26000 mark. The technical pattern indicates further growth of the pound against the US dollar.
The MACD histogram is located in the positive area and continues to rise, which signals an increase of the GBP/USD currency pair.
Stochastic Oscillator is near the overbought zone, %K line is above %D line, which gives a weak signal to buy GBP/USD.
