Support & Resistance Levels – EUR/USD & GBP/USD

We haven´t highlighted the support and resistance levels this week, have we? So let´s see where we can open a buy or sell forex signal. Let´s start with EUR/USD and GBP/USD.

EUR/USD

Support                                    Resistance

1^st (mild) – 1.0640                     1^st (strong) 1.0670-80

2^nd (mild) 1.0630                        2^nd (strong) 1.07

3^rd (strong) 1.06                        3^rd (strong) 1.0730-40   

4^th (mild) 1.0580                        4^th (mild) 1.0780

5^th (strong) 1.0520                     5^th (strong) 1.08

GBP/USD

Support                                    Resistance

1^st (mild) – 1.2420                     1^st (mild) 1.2470-80

2^nd (strong) 1.24                        2^nd (strong) 1.25

3^rd (strong) 1.2380                     3^rd (mild) 1.2520-30      

4^th (mild) 1.2350                        4^th (strong) 1.2550

5^th (strong) 1.23                         5^th (strong) 1.26 

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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