EUR, GBP & JPY – Key Trading Levels To Watch Today

Posted Friday, August 17, 2018 by
Arslan Butt • 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

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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