Current level – 1.0869

For the single European currency, the week started positively. Although it broke the resistance at 1.0873 and tested the 1.0925 level, the euro failed to hold above it. On a possible second attempt and in case the bulls succeed, the other important resistance level they need to overcome is 1.0963 available on the longer time frames. If they fail to hold above it, the bears are likely to take the upper hand again, heading for the support at 1.0802. For now, the euro manages to stop their pressure. Sentiments continue to be positive.


Current level – 130.32

The currency pair’s range movement of the last few sessions may be coming to an end, but for that the bears need to sustainably overcome the two supports at 129.51 and 127.20. Conversely, the important resistance at 134.75 is still a very distant target for the bulls. To reach it, they will have to go through two more supports at 131.49 and 133.16. Traders’ sentiment seems negative and the bears’ attempts are more likely to succeed.


Current level – 1.2374

The U.S. dollar has not performed convincingly in the past week and its weakness has also managed to affect its rate against the pound. However, the important resistance at 1.2433 has not been overcome yet, although it was tested by the bulls. The price at the time of writing the analysis is below the other important level of 1.2398 and in case the bears manage to make a comeback, their first target should be to overcome the support at 1.2333. Given the positive sentiment, it is more likely that the move will continue upwards and the price will head higher.

Midday update for Gold 

Gold price fluctuates around 1935.00 level, waiting to get positive motive that assist to push the price to continue the rise and head towards our next main target that reaches 1950.00.

In general, the bullish trend scenario will remain active for today unless breaking 1925.00 and holding below it.

The expected trading range for today is between 1920.00 support and 1955.00 resistance.

The expected trend for today: Bullish

Source: Technical analysis

Share this post

Comments (7)

  • bodrum escort bayan Reply

    There is definately a lot to find out about this subject. I like all the points you made

    25th January 2023 at 2:47 pm
  • mersin escort bayan Reply

    I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.

    25th January 2023 at 2:49 pm
  • ShawnRiz Reply

    Я считаю, что Вы не правы. Давайте обсудим.
    в случае, когда у тебя есть отличный способ захвата потоковой музыки или предложения onlineradiobox.ru-радио, вы имеете право написать специалисту сообщение.

    25th January 2023 at 4:36 pm
  • OKBET game Reply

    Your article is a perfect article without a hitch. Thank you. My site: OKBet

    26th January 2023 at 10:00 am
  • mahmutlar escort Reply

    I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will

    26th January 2023 at 2:39 pm
  • SexyPg1688 Reply

    SexyPG1688 เว็บสำหรับเล่น winbig slot หาเงินด้วยวิธีง่ายๆ แค่กดมือถือ Bacaratt Online.

    31st January 2023 at 11:14 am
  • Visit My Site Reply 7th February 2023 at 8:24 pm

Leave a Reply

Your email address will not be published. Required fields are marked *

User Agreement

Day Finance is an educational site and a platform for exchanging Forex information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense.
Terms And Conditions