Orders and levels for today - Forex News by FX Leaders

Orders and levels for today

Posted Wednesday, June 22, 2016 by
Skerdian Meta • 1 min read

One day to go, just a little more than 24 hours before we know which way the Britons will go. Just like the Euro 2016 teams, most of them will have their path decided after today´s matches are over, so a big day today, and tomorrow too. Still, in forex the support/resistance levels and buy/sell orders are the same everyday and don´t care for politics or football. So, here they are.

Resistance or sell orders if you must call it that way for EUR/USD come at 1.1285, 1.13 which is a strong resistance level, 1.1350, 1.1375-80 and ultimately 1.1400-20, where we will look to open a long term sell forex signals, but we will evaluate it at the time since we are going through some uncertain times these days. Support levels come at 1.1240-50 which was yesterday´s low, then 1.1220, 1.12 which is a strong support level and obviously 1.11 as we pointed out yesterday. Again, we´re laying off the British Pound at the moment so the levels in Yen are: support – 104.20, 104 and 103.50 which somehow has turned into a line in the sand recently for some reason. Resistance comes at 104.80 which has been a selling point yesterday and the day before, 108.05 which was the top yesterday and ultimately 105.50.

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About the author

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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