{"id":2954,"date":"2020-09-28T04:57:24","date_gmt":"2020-09-28T04:57:24","guid":{"rendered":"https:\/\/xtreamforex.com\/?p=2954"},"modified":"2020-10-01T06:49:22","modified_gmt":"2020-10-01T06:49:22","slug":"technical-analysis-of-eurusd-usdchf-and-gbpusd","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/","title":{"rendered":"Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD"},"content":{"rendered":"
Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD<\/b><\/strong><\/h5>\n

 <\/p>\n

EUR\/USD Price Analysis: Near Term Trend Stays Weak Beneath 1.1685 Level<\/b><\/strong><\/p>\n

The single currency navigates within an inconclusive direction at the beginning of the week, although the sentiment around EUR\/USD\u2019s near-term trend stays weak beneath the 1.1685 level. At press time, the pair is trading at 1.1659level, having put in a low of 1.1615 level in early Asia. This week, ECB’s Lagarde may play spoilsport by expressing concerns regarding the euro’s strength.<\/p>\n

Key Levels<\/b><\/strong><\/p>\n

Resistance Levels: 1.2011, 1.1900, 1.1737<\/p>\n

Support Levels: 1.1495, 1.1350, 1.1183<\/p>\n

 <\/p>\n

\"\"<\/b><\/strong><\/p>\n

 <\/p>\n

EUR\/USD Daily Chart: Ranging<\/b><\/strong><\/p>\n

EUR\/USD navigates without a clear direction on Monday. The offered bias, however, appears unchanged and it will not be surprising to see sellers attempting to breach the key support at 1.1612 level in the coming sessions.<\/p>\n

Intraday bias in EUR\/USD remains on the downside at this point. Fall from 1.2011 level near term top is in progress for 38.2% retracement of 1.0635 to 1.2011 at 1.1495 levels. As it\u2019s seen as a corrective move, strong support should be seen at 1.1495 level to contain the downside to bring rebound.<\/p>\n

Despite this view, a deeper retracement to the relevant contention region around 1.1495 level (March Highs) is still unfavoured. On the other hand, the recently broken key area in the 1.1700 regions has now become the next target of the significance of occasional bullish attempts.<\/p>\n

USD\/CHF Price Analysis: Upside Traction Eases From 0.9296 Temporary High Level<\/p>\n

USD\/CHF eases from a temporary high of 0.9296 level to 0.9264 level during early Monday, as a bout of heavy selling pressure is now flirting with recent lows. Meanwhile, sellers may wait for entries unless the quote drops below the August month\u2019s top surrounding 0.9241 level.<\/p>\n

Key Levels<\/b><\/strong><\/p>\n

Resistance Levels: 0.9902, 0.9532, 0.9362<\/p>\n

Support Levels: 0.9200, 0.9181, 0.8998<\/p>\n

 <\/p>\n

\"\"<\/b><\/strong><\/p>\n

 <\/p>\n

USD\/CHF Daily Chart: Ranging<\/b><\/strong><\/p>\n

The ongoing momentum seems strong enough to push the pair further beyond the 0.9300 marks, however, It should additionally be noted that the USD\/CHF buyers may have to cross the horizontal resistance level at 0.9362 level to affirm bullishness.<\/p>\n

Intraday bias in USD\/CHF remains on the upside at this point. The rise form 0.8998 short term bottom is still in progress for the resistance zone of 0.9362 level and 38.2% retracement of 0.9902 to 0.8998 at 0.9362 levels. The sustained break there will carry larger bullish implications and target a 61.8% retracement at 0.9532 upside level.<\/p>\n

The September 08 high of 0.9200 level and the monthly low close to 0.9050 level are extra strong supports for USD\/CHF sellers to watch past-0.9241 level. On the downside, a break of 0.9241 minor support level will turn intraday bias neutral and bring some consolidations first.<\/p>\n

GBP\/USD Price Analysis: Bulls Extend Momentum for Additional Gains Beyond 1.2900 Mark<\/p>\n

GBP\/USD extends the consolidative range ahead to probe the vicinity of 1.2900 marks for additional gains early in the European session. The GBP\/USD pair spiked to fresh daily tops, around the 1.2890 level region with buyers now looking to build on the momentum.<\/p>\n

Key Levels<\/b><\/strong><\/p>\n

Resistance Levels: 1.3482, 1.3267, 1.3007<\/p>\n

Support Levels: 1.2813, 1.2675, 1.2252<\/p>\n

 <\/p>\n

\"\"<\/b><\/strong><\/p>\n

 <\/p>\n

GBP\/USD Daily Chart: Ranging<\/b><\/strong><\/p>\n

As seen on the daily, a sustained move beyond here will be seen as a fresh trigger for intraday bullish traders follow-through and pave the way for a move beyond the 1.2900 marks. Moreover, technical indicators such as the daily RSI has maintained its trend beneath its midline 50 and is yet to register any meaningful recovery, warranting caution for bulls.<\/p>\n

Intraday bias in GBP\/USD remains neutral for consolidation above 1.2675 temporary low level. A further decline is expected as long as the 1.3007 resistance level holds. On the downside, a sustained break of 38.2% retracement of 1.1409 to 1.3482 at 1.2675 levels will argue that the rise from 1.1409 level might be completed and bring a deeper fall to 61.8% retracement at 1.2252 level.<\/p>\n

Hence, any subsequent move might still be seen as an opportunity to initiate some fresh bearish positions. \u00a0A convincing breakthrough to the upside will negate any near-term bearish bias and pave the way for a move back towards conquering the key 1.3007 psychological marks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD   EUR\/USD Price Analysis: Near Term Trend Stays Weak Beneath 1.1685 Level The single currency navigates within an inconclusive direction at the beginning of the week, although the sentiment around EUR\/USD\u2019s near-term trend stays weak beneath the 1.1685 level. At press time, the pair is trading at 1.1659level,<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":2311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"template_with_sidebar.php","format":"standard","meta":[],"categories":[12],"tags":[39,36,64,58,37,60,55,52],"yoast_head":"\r\nTechnical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD - XtreamForex<\/title>\r\n<meta name=\"description\" content=\"The single currency navigates within an inconclusive direction at the beginning of the week, although the sentiment around EUR\/USD\u2019s near-term trend stays.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD - XtreamForex\" \/>\r\n<meta property=\"og:description\" content=\"The single currency navigates within an inconclusive direction at the beginning of the week, although the sentiment around EUR\/USD\u2019s near-term trend stays.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Xtream markets\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/xtreamforex.official\/\" \/>\r\n<meta property=\"article:published_time\" content=\"2020-09-28T04:57:24+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2020-10-01T06:49:22+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.xtrememarkets.com\/MU\/wp-content\/uploads\/2020\/07\/8july.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1700\" \/>\r\n\t<meta property=\"og:image:height\" content=\"378\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:site\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"3 minutes\">\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#organization\",\"name\":\"Xtreamforex\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/xtreamforex.official\/\",\"https:\/\/www.instagram.com\/xtreamforex.official\/\",\"https:\/\/in.linkedin.com\/company\/xtream-forex\",\"https:\/\/www.youtube.com\/channel\/UCbbTuJV9XhurjZciRLdvFBg\",\"https:\/\/www.pinterest.com\/xtreamforex_trading\/\",\"https:\/\/twitter.com\/xtreamforex\"],\"logo\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#website\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/\",\"name\":\"Xtreamforex\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.xtrememarkets.com\/MU\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/wp-content\/uploads\/2020\/07\/8july.jpg\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/MU\/wp-content\/uploads\/2020\/07\/8july.jpg\",\"width\":1700,\"height\":378,\"caption\":\"Market Analysis\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#webpage\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/\",\"name\":\"Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD - XtreamForex\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#primaryimage\"},\"datePublished\":\"2020-09-28T04:57:24+00:00\",\"dateModified\":\"2020-10-01T06:49:22+00:00\",\"description\":\"The single currency navigates within an inconclusive direction at the beginning of the week, although the sentiment around EUR\/USD\\u2019s near-term trend stays.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/\",\"name\":\"Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD\"}}]},{\"@type\":[\"Article\",\"NewsArticle\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#webpage\"},\"author\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#\/schema\/person\/45321100bcede4831a44b3131933cdff\"},\"headline\":\"Technical Analysis of EUR\/USD, USD\/CHF, and GBP\/USD\",\"datePublished\":\"2020-09-28T04:57:24+00:00\",\"dateModified\":\"2020-10-01T06:49:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#primaryimage\"},\"keywords\":\"Best Forex Broker,ECN Forex Broker,Forex Bonus,Forex Products,Forex Promotions,MT4 Free Download,MT4 Platform,Top Trusted Forex Broker\",\"articleSection\":\"Forex News\",\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#organization\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#\/schema\/person\/45321100bcede4831a44b3131933cdff\",\"name\":\"manishaxtream\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6bbe06640aa1d8314a4dd4dd87880477?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6bbe06640aa1d8314a4dd4dd87880477?s=96&d=mm&r=g\",\"caption\":\"manishaxtream\"}},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/MU\/technical-analysis-of-eurusd-usdchf-and-gbpusd\/#local-main-organization-logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/MU\/wp-content\/uploads\/2021\/04\/download-1.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/MU\/wp-content\/uploads\/2021\/04\/download-1.png\",\"width\":225,\"height\":225,\"caption\":\"Xtreamforex\"}]}<\/script>\r\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/posts\/2954"}],"collection":[{"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/comments?post=2954"}],"version-history":[{"count":12,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/posts\/2954\/revisions"}],"predecessor-version":[{"id":3034,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/posts\/2954\/revisions\/3034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/media\/2311"}],"wp:attachment":[{"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/media?parent=2954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/categories?post=2954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/MU\/wp-json\/wp\/v2\/tags?post=2954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}