Monday Morning Levels - EUR/USD & GBP/USD - FX Leaders News

Monday Morning Levels – EUR/USD & GBP/USD

Posted Monday, April 10, 2017 by
Skerdian Meta • 2 min read

It´s Monday morning, a new week and the weather outside is beautiful. If you remember last Friday though, the market became one sided after the wobble which followed the US employment report. That took the price beyond some important support & resistance levels, so let´s have a look at the new levels for the new week ahead.

EUR/USD

Resistance                                           Support

1 – 1.0590-1.0600 (mild)                         1 – 1.0570 (mild)

2 – 1.0620 (strong)                                2 – 1.0550 (strong)

3 – 1.0650 (mild)                                    3 – 1.0520 (strong)

4 – 1.0680 (strong)                                4 – 1.05 (strong)

5 – 1.07 (strong)                                   5 – 1.0460 (strong)

 

GBP/USD

Resistance                                           Support

1 – 1.24 (mild)                                       1 – 1.2380 (mild)

2 – 1.2420 (strong)                                2 – 1.2365-75 (strong)

3 – 1.2450-60 (mild)                               3 – 1.2350 (strong)

4 – 1.25 (strong)                                   4 – 1.2320 (mild)

5 – 1.2550 (strong)                                5 – 1.23 (strong)

These are the closest and most visible support and resistance levels at the moment for these forex pairs. Some of them are plain support/resistance levels while others are moving averages or trend lines, so utilise these levels for your forex trades today.   

  

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About the author

Skerdian Meta is our 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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