EUR, GBP & JPY – Key Trading Levels To Watch Today
The U.S. President Donald Trump admired the strength of the U.S. dollar after the greenback touched a 14-month high against a broad basket..
Arslan Butt•Friday, August 17, 2018•1 min read
The U.S. President Donald Trump admired the strength of the U.S. dollar after the Greenback touched a 14-month high against a broad basket of other currencies a day earlier. That’s the same Trump who wasn’t so happy with a stronger dollar. After his remarks, the dollar is likely to stay supported as investors won’t expect Trump’s intervention in the Fed’s monetary policy.
EUR/USD – Key Trading Levels
Support Resistance
1.1335 1.1408
1.1299 1.1445
1.1262 1.1481
Key Trading Level: 1.1372
GBP/USD – Key Trading Levels
Support Resistance
1.2682 1.2749
1.2651 1.2785
1.2615 1.2816
Key Trading Level: 1.2718
USD/JPY – Key Trading Levels
Support Resistance
110.62 111.28
110.21 111.53
109.96 111.94
Key Trading Level: 110.87
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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