GBP/USD closer to 1.23000

Source: Dukascopy Bank SA
The continued strength of the USD has brought GBP/USD closer to the 1.23000 level. Simple moving averages suggest that a short-term recovery may occur. A bullish reversal towards 1.24500 could serve as a strong resistance level.



If no significant bullish movement occurs, a move towards 1.2200 could be imminent.

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Wed, 15 Jan 2025 14:39:43 GMT

EUR/USD moves above 1.03000

EUR/USD has seen a recovery towards levels of 1.03500 while breaching price levels of 1.02730 and 1.02370. Further momentum to the upside could bring the FX currency pair closer to 1.04000. The FX pair is trading above the simple moving averages, which could indicate a shift in momentum from bearishness to bullishness in the near term.

Wed, 08 Jan 2025 09:54:25 GMT

EUR/USD moves towards 1.02500

EUR/USD currency pair is trading above 1.0310, while having some downside pressure at current price levels. If downward pressure continues, continuation towards 1.0249 support. If support is broken move to the 1.0010 might be possible. A bullish reversal towards 1.0473 which is 61.80% Fibonacci resistance could occur if momentum changes, further resistance of 1.06100 should be considered as a

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