Economic News

Xtreamforex Technical Analysis : 30-04-2021

Pound (1.3947) has been rising slowly. A break above 1.40 is needed for the pair to turn bullish and rise further towards 1.41-1.42 in the longer run. For now watch a rise to 1.40 to see if it manages to break above or faces rejection from there.                                      RESISTANCE LEVEL: R1: 1.39573, R2: 1.39657, R31.39794 PIVOT POINT: 1.39488 SUPPORT LEVEL: S1: 1.39352, S2: 1.39215, S3: 1.39131

Euro (1.2118) dipped from 1.2150 but the decline is likely to be limited to 1.2090 for the near term before the Euro again starts to rise. Watch price action near 1.2090.

RESISTANCE LEVEL: R1: 1.21325, R2: 1.21427, R3: 1.21564 PIVOT POINT: 1.21223  SUPPORT LEVEL: S1: 1.21086, S2: 1.20949, S3: 1.20847, S3: 1.20745