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EURUSD Pressure Building while Anxious Traders Weigh: Did S&P 500 Break
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2020-09-18 05:00:00
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  • #Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the #WTI technical chart. Get your #commodities update from @MBForex here: https://t.co/CcXsF3JCMH https://t.co/RUmS1cX52v
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  • The S&P 500 pushed the market's comfort with a head-and-shoulders pattern through Friday's close. What should we look for in technical patterns, overlapping fundamental tides and speculative positioning for the likes of $EURUSD next week? https://www.dailyfx.com/forex/video/daily_news_report/2020/09/19/EURUSD-Pressure-Building-while-Anxious-Traders-Weigh-Did-SP-500-Break.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/lgVJVwi8th
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  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/d9EmTOHyTv
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GBPUSD Classic Technical Report 08.31.2012

GBPUSD Classic Technical Report 08.31.2012

2012-08-31 11:53:00
Ilya Spivak, Head Strategist, APAC
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Prices are testing support in the 1.5769-84 area, marked by the March 22 low and the 50% Fibonacci retracement. A rebound sees initial resistance at 1.5906, the 61.8%Fib. Alternatively, a break lower exposes the 1.5638-62 region, defined by a horizontal pivot set from mid-February and the 38.2% retracement.

GBPUSD_Classic_Technical_Report_08.31.2012_body_Picture_5.png, GBPUSD Classic Technical Report 08.31.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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