Forex Majors – Key Technical Levels to Trade on Monday

The dollar slipped against peers on Monday, as traders placed bearish bets due to rising expectations of dovish Federal Reserve.


[[EUR/USD]] – Technical Levels

Support Resistance
1.1355 1.1429
1.1313 1.1461
1.124 1.1535
Key Trading Level: 1.1387

USD/JPY – Technical Levels

Support Resistance
108.18 108.34
108.13 108.44
107.98 108.6
Key Trading Level: 108.29

GBP/USD – Technical Levels

Support Resistance
1.2744 1.2752
1.2739 1.2755
1.2731 1.2763
Key Trading Level: 1.2747

USD/CAD – Technical Levels

Support Resistance
1.3356 1.3363
1.3353 1.3367
1.3346 1.3375
Key Trading Level: 1.336

ABOUT THE AUTHOR See More
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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