The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.10582
Open: 1.10638
% chg. over the last day: +0.05
Day’s range: 1.10694 – 1.10750
52 wk range: 1.0884 – 1.1623

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During yesterday’s trading, the EUR/USD currency pair remained virtually unchanged. Investors took a wait and see attitude before the Fed meeting. Which will take place tomorrow. At the meeting, the regulator will decide on the key interest rate. The interest rate is expected to remain unchanged at 1.75-2.00%. At the moment, the key support and resistance levels are 1.106000 and 1.10800, respectively. Open positions from these marks.

The Economic News Feed for 10.12.2019:

ZEW economic sentiment index (GER) – 12:00 (GMT+2:00);

The indicators do not give accurate signals: the price has crossed 50 MA.

The MACD histogram is near the 0 mark, which also does not give signals.

The Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals.

Trading recommendations

Support levels: 1.10600, 1.10350, 1.10000
Resistance levels: 1.10800, 1.11050

If the price consolidates below the level of 1.10600, expect a descend to the level of 1.10350-1.10200 is expected.

If the price consolidates above the resistance level of 1.10800, the growth of the EUR/USD currency pair is expected. The potential movement is to 1.11050-1.11300.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.31350
Open: 1.31391
% chg. over the last day: +0.05
Day’s range: 1.31327 – 1.31521
52 wk range: 1.1959 – 1.3385

The trading instrument GBP/USD is consolidating. The technical picture is ambiguous. Investors expect additional drivers. Today UK will be publish a report on GDP. At the moment, the key support level is 1.31350. The key resistance level is 1.31700. We recommend opening positions from these marks.

The Economic News Feed for 10.12.2019:

GDP Report (UK) – 11:30 (GMT+2:00);

UK Manufacturing Production (UK) – 11:30 (GMT+2:00);

Indicators do not provide accurate signals: the price crossed 50 MA.

The MACD histogram is near the 0 mark, there are no signals.

The Stochastic Oscillator is in the neutral zone, the %K line crosses %D. There are no signals.

Trading recommendations

Support levels: 1.31350, 1.31000, 1.30650
Resistance levels: 1.31700, 1.32000

If the price consolidates above 1.31700, expect the quotes to rise toward 1.32000.

Alternatively, the quotes could decline toward 1.31000.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.32520
Open: 1.32366
% chg. over the last day: -0.10
Day’s range: 1.32259 – 1.32322
52 wk range: 1.2727 – 1.3664

The USD/CAD currency pair has an ambiguous technical picture. The trading instrument is in lateral movement. Investors expect additional drivers. The local support and resistance levels are 1.32150 and 1.32500, respectively. We recommend paying attention to the dynamics of oil prices. Open positions from key levels.

The Economic News Feed for 10.12.2019 is calm.

Indicators of accurate signals do not provide accurate signals: 50 MA crossed 100 MA.

The MACD histogram is near the 0 mark, there are no signals.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also gives a signal to buy USD/CAD.

Trading recommendations

Support levels: 1.32150, 1.31800, 1.31500
Resistance levels: 1.32500, 1.32850

If the price consolidates above 1.32500, expect the quotes to rise toward 1.32850-1.33000.

Alternatively, the quotes could descend toward 1.31800-1.31650.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 108.748
Open: 108.553
% chg. over the last day: -0.06
Day’s range: 108.567 – 108.597
52 wk range: 104.97 – 114.56

The USD/JPY currency pair has an ambiguous technical picture. Quotes are moving in a flat. At the moment, the key support and resistance levels are still 108.450 and 108.650, respectively. We recommend that you pay attention to the dynamics of yield on US government bonds. Open positions from key levels.

The Economic News Feed for 10.12.2019 is calm

Indicatorsdo not give accurate signals: the price has crossed 50 MA.

The MACD histogram is near the 0 mark, which also does not provide signals.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish mood.

Trading recommendations

Support levels: 108.450, 108.250
Resistance levels: 108.650, 108.850, 109.150

If the price consolidates below 108.450, expect the quotes to fall toward 108.250-108.100.

Alternatively, the quotes could grow toward 108.850-109.000.

 

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