The EUR/USD dropped to a two year low but recovered slightly and is currently trading around 1.2490. Gains were seen following the disappointing U.S jobs data. Low volatility is expected today as no important data is set to be released. Consequently we recommend technical trading with short term expirations.
This week there are no important releases until Friday and so the pair could trade between its support and resistance. The movement is sideways. Support is found at 1.2360 and resistance is at 1.2555.
On Friday, the GBP/USD continued to drop and fell below 1.5800. The pair was expected to decline further until the U.S Non-Farm Payrolls were released and caused the U.S Dollar to depreciate. Gains were limited, however, and the pair has remained low and is currently trading below 1.5900.
Today, we expect the pair to remain below 1.6000. The trend is sideways. Support is found at 1.5790 and resistance at 1.5925.
November 10, 2014 – Forex News
Hot asset for today: Gold
EUR/USD
The EUR/USD dropped to a two year low but recovered slightly and is currently trading around 1.2490. Gains were seen following the disappointing U.S jobs data. Low volatility is expected today as no important data is set to be released. Consequently we recommend technical trading with short term expirations.
This week there are no important releases until Friday and so the pair could trade between its support and resistance. The movement is sideways. Support is found at 1.2360 and resistance is at 1.2555.
GBP/USD
On Friday, the GBP/USD continued to drop and fell below 1.5800. The pair was expected to decline further until the U.S Non-Farm Payrolls were released and caused the U.S Dollar to depreciate. Gains were limited, however, and the pair has remained low and is currently trading below 1.5900.
Today, we expect the pair to remain below 1.6000. The trend is sideways. Support is found at 1.5790 and resistance at 1.5925.
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