A few quick levels after the central banks are out of the way - Forex News by FX Leaders

A few quick levels after the central banks are out of the way

Posted Friday, July 29, 2016 by
Skerdian Meta • 1 min read

The FED (Federal Reserve) held their meeting on Wednesday afternoon and the BOJ (Bank of Japan) had their say early this morning. We will get into that later on but first let´s take a look at where we stand right now. EUR/USD made a break of 1.10 on Wednesday afternoon after mixed FED feelings. So, 1,1080 was the first resistance level and has turned now into a support level and that´s where we are right now. 

Below that comes 1.1050 and 1.10. The resistance levels come at 1.11, 1.1120 and 1.1150. USD/JPY also has moved a great deal this morning after the BOJ so the support and resistance levels are not the same they were yesterday. The closest resistance levels come at 104, 104.50 105 and ultimately 105.50. The first support level comes at 103.20, then 103, 102.50 and 102.30.

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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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