Yesterday we had a look at the support and resistance levels in EUR/CHF and GBP/USD in the technical analysis for the respective pair. So, we will quickly have a look at the levels for a few other forex pairs this morning and lay them out here for you. So here they are:
Resistance – 1.0650; 1.06670; 1.07; 1.0750 and 1.08
Support – 1.0590-1.06; 1.0550; 1.0520-30, 1.05, 1.0450-60
Resistance – 0.7500-10; 0.7530; 0.7580, 0.7600-10; 0.77
Support – 0.7460; 0.7420-30; 0.74; 0.7370; 0.73
These are the levels which arise from previous tops or bottoms, moving averages or the Fibonacci retracement levels. I think that by now you must have practiced technical trading enough to play the support/resistance levels in everyday trading successfully.
As you can see, some are bolded which means that they are important, therefore you can rely on them more than on the other support/levels.
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