Forex & Commodities Trading Levels to Watch Today
Arslan Butt•Monday, October 21, 2019•1 min read
The Sterling plunged versus the Greenback on Monday during the after UK Prime Minister Boris Johnson failed to win parliamentary backing for his Brexit deal. The focus continues to stay on the Sterling pairs. Moreover, the ECB also remain in highlights due to ECB rate decision later this week. Watch out for the trading levels.
EUR/USD – Technical Levels
Support Resistance
1.1133 1.1192
1.1094 1.1212
1.1035 1.1271
Key Trading Level: 1.1153
USD/JPY – Technical Levels
Support Resistance
108.28 108.63
108.15 108.85
107.8 109.2
Key Trading Level: 108.5
GBP/USD – Technical Levels
Support Resistance
1.2876 1.3025
1.2784 1.3081
1.2635 1.3229
Key Trading Level: 1.2932
GOLD – XAU/USD – Technical Levels
Support Resistance
1485.48 1494.12
1480.87 1498.15
1472.23 1506.79
Key Trading Level: 1489.51
WTI Crude Oil – Technical Levels
Support Resistance
53.01 54.54
52.09 55.16
50.56 56.69
Key Trading Level: 53.63
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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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