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Analytics 11.05

EUR / USD

 
The currency pair EUR / USD is trading above the moving averages of 20 and 50 periods, but below the MA200 on H1.
The pair is trading above key support 1.1890, which should limit its potential to decline. An ascending moving average for 50 periods plays the role of support.
The relative strength index (RSI) is above its neutral level of 50, it lacks a downward impulse.
While the support level of 1.1890 is not broken, the pair's growth is likely to reach 1.1945 and 1.1975.
When falling below 1.1890, the pair will target 1.1870 and 1.1840.
The main support and resistance lines for today's pair: resistance: 1.1920; 1.1945; 1.1975.
Support: 1.1890; 1.1870; 1.1840.

 

 

GBP / USD

 
The GBP / USD currency pair has updated the new low at 1.3460.
The pair is prone to decline, trading below resistance 1.3540. Downward moving averages for 20 and 50 periods indicate the pair's negative prospects.
The relative strength index (RSI) lacks an upward momentum.
Until the resistance level of 1.3540 is broken, we should wait for the pair to fall to 1.3490 and 1.3460. With growth above 1.3540, the pair will target 1.3575 and 1.3605.
The main support and resistance lines for today's pair: resistance: 1.3540; 1.3575; 1.3605.
support: 1.3500; 1.3460; 1.3435.

 

USD / JPY

 
USD / JPY is prone to decline, having retreated from the level of 110.00 (near the 10 May maximum). In addition, the moving average for 20 periods crossed down the moving average for 50 periods, which signals a downward turn.
The relative strength index (RSI) is below its neutral level of 50.
While the resistance level is not broken 109.60, we should wait for the pair to fall to 109.15 and 108.95. With an increase above 109.60, the pair will target 109.80 and 110.00.
The main support and resistance lines for the pair today:
Resistance: 109.60; 109.80; 110.00.
support: 109.30; 109.15; 108.95.