"Forex Levels" - Trading recommendations, daily forecast on EURUSD and GBPUSD

Ivan Urupa

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Hi all!

In this topic, every day, before the opening of the European session I'll publish trading recommendations on two major currency pairs EURUSD and GBPUSD.

Analysis and forecasting of currency market is on the system "Forex Levels" which are based on a pair of moving averages, support and resistance levels, and a simplified wave markup.
 

Ivan Urupa

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EURUSD [H1]

The pair is in a sideways trend. Resistance levels is seen at 1.3814-1.3866, and if the market breaks above that levels we can expect an uptrend to develop with the upside target set at resistance level 1.3972.

If the pair breaks under support level 1.3694, a downtrend will start with the downside target set at support level 1.3597.



Support levels: 1.3694, 1.3656, 1.3597

Resistance levels: 1.3814-1.3866, 1.3972




GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.6066, and if the market breaks above that levels we can expect an uptrend to develop with the upside target set at resistance level 1.6130.

If the pair breaks under support level 1.6000, a downtrend will start with the downside target set at support level 1.5905.


Support levels: 1.6000, 1.5945, 1.5905

Resistance levels: 1.6066, 1.6130

 

Ivan Urupa

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EURUSD [H1]

The pair is trading along a downtrend. Support level 1.3520 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3438.

If the pair will have no possibility of getting below support level 1.3520 and will subsequently rise above resistance level 1.3597, we can expect an uptrend to develop towards resistance 1.3656 and below towards resistance level 1.3695.


Support levels: 1.3520, 1.3438

Resistance levels: 1.3597, 1.3656, 1.3695




GBPUSD [H1]

The pair is trading along a downtrend. Support level 1.5905 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5880 and below towards support level 1.5819.

If the pair will have no possibility of getting below support level 1.5905 and will subsequently rise above resistance level 1.65960, we can expect an uptrend to develop towards resistance 1.6000 and below towards resistance level 1.6047.


Support levels: 1.5905, 1.5880, 1.5819

Resistance levels: 1.5960, 1.6000, 1.6047

 

Ivan Urupa

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EURUSD [H1]

The pair is in a sideways trend. Resistance levels is seen at 1.3642-1.3695, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3833.

If the pair breaks under support level 1.3541, a downtrend will start with the downside target set at support level 1.3438.



Support levels: 1.3541, 1.3438

Resistance levels: 1.3642-1.3695, 1.3773, 1.3833




GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.5965, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6047.

If the pair breaks under support levels 1.5908-1.5883, a downtrend will start with the downside target set at support level 1.5710.



Support levels: 1.5908-1.5883, 1.5819, 1.5710

Resistance levels: 1.5965, 1.6000, 1.6047

 

Ivan Urupa

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EURUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.3833, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3972.

If the pair breaks under support level 1.3694, a downtrend will start with the downside target set at support level 1.3541.


Support levels: 1.3694, 1.3642, 1.3594, 1.3541

Resistance levels: 1.3833, 1.3972




GBPUSD [H1]

The pair is in a sideways trend. Resistance levels is seen at 1.6088-1.6130, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.6272.

If the pair breaks under support levels 1.6046-1.6000, a downtrend will start with the downside target set at support level 1.5908.


Support levels: 1.6046-1.6000, 1.5960, 1.5908

Resistance levels: 1.6088-1.6130, 1.6177, 1.6272

 

Ivan Urupa

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EURUSD [H1]

The pair is trading along a downtrend. Support levels 1.3594-1.3541 is seen on the way down of its further development, and if the market breaks under those levels we can expect the downtrend to continue and drop to support level 1.3485 and below towards support level 1.3438.

If the pair will have no possibility of getting below support levels 1.3594-1.3541 and will subsequently rise above resistance level 1.3642, we can expect an uptrend to develop towards resistance 1.3695 and above towards resistance level 1.3773.


Support levels: 1.3594-1.3541, 1.3485, 1.3438

Resistance levels: 1.3642, 1.3695, 1.3773




GBPUSD [H1]

The pair is trading along a downtrend. Support levels 1.5883-1.5861 is seen on the way down of its further development, and if the market breaks under those levels we can expect the downtrend to continue and drop to support level 1.5818 and below towards support level 1.5710.

If the pair will have no possibility of getting below support levels 1.5883-1.5861 and will subsequently rise above resistance levels 1.5908-1.5944, we can expect an uptrend to develop towards resistance 1.6000 and above towards resistance level 1.6088.


Support levels: 1.5883-1.5861, 1.5818, 1.5710

Resistance levels: 1.5908-1.5944, 1.6000, 1.6088

 

Ivan Urupa

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EURUSD [H1]

The pair is trading along a downtrend. Support level 1.3438 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3341.

If the pair will have no possibility of getting below support level 1.3438 and will subsequently rise above resistance level 1.3541, we can expect an uptrend to develop towards resistance 1.3594 and above towards resistance level 1.3642.


Support levels: 1.3438, 1.3341

Resistance levels: 1.3541, 1.3594, 1.3642




GBPUSD [H1]

The pair is trading along a downtrend. Support level 1.5710 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5667 and below towards support level 1.5575.

If the pair will have no possibility of getting below support level 1.5710 and will subsequently rise above resistance level 1.5818, we can expect an uptrend to develop towards resistance 1.5861 and above towards resistance level 1.5908.


Support levels: 1.5710, 1.5667, 1.5575

Resistance levels: 1.5818, 1.5861, 1.5908

 

Ivan Urupa

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EURUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.3541, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.3636.

If the pair breaks under support level 1.3438, a downtrend will start with the downside target set at support level 1.3341.


Support levels: 1.3438, 1.3341

Resistance levels: 1.3541, 1.3590, 1.3636




GBPUSD [H1]

The pair is in a sideways trend. Resistance level is seen at 1.5667, and if the market breaks above that level we can expect an uptrend to develop with the upside target set at resistance level 1.5803.

If the pair breaks under support level 1.5548, a downtrend will start with the downside target set at support level 1.5440.


Support levels: 1.5548, 1.5485, 1.5440

Resistance levels: 1.5667, 1.5727, 1.5803

 

Ivan Urupa

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EURUSD [H1]

The pair is trading along an uptrend. Resistance levels 1.3437-1.3456 is seen on the way of the further upside, and if the market breaks above those levels we can expect the uptrend to continue and get to resistance level 1.3506 and above towards resistance level 1.3541.

If the pair will have no possibility of rising above resistance levels 1.3437-1.3456 and will subsequently drop below support level 1.3340, we can expect a downtrend to develop towards support level 1.3238 and below towards support level 1.3174.


Support levels: 1.3340, 1.3238, 1.3174

Resistance levels: 1.3437-1.3456, 1.3506, 1.3541




GBPUSD [H1]

The pair is trading along an uptrend. Resistance level 1.5586 is seen on the way of the further upside, and if the market breaks above that level we can expect the uptrend to continue and get to resistance level 1.5667.

If the pair will have no possibility of rising above resistance level 1.5586 and will subsequently drop below support levels 1.5548-1.5522, we can expect a downtrend to develop towards support level 1.5485 and below towards support level 1.5440.


Support levels: 1.5548-1.5522, 1.5485, 1.5440

Resistance levels: 1.5586, 1.5667

 

Ivan Urupa

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EURUSD [H1]

The pair is trading along a downtrend. Support level 1.3283 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.3174.

If the pair will have no possibility of getting below support level 1.3283 and will subsequently rise above resistance level 1.3346, we can expect an uptrend to develop towards resistance 1.3440.


Support levels: 1.3283, 1.3174

Resistance levels: 1.3346, 1.3396, 1.3440




GBPUSD [H1]

The pair is trading along a downtrend. Support level 1.5430 is seen on the way down of its further development, and if the market breaks under that level we can expect the downtrend to continue and drop to support level 1.5340.

If the pair will have no possibility of getting below support level 1.5430 and will subsequently rise above resistance level 1.5485, we can expect an uptrend to develop towards resistance 1.5560.


Support levels: 1.5430, 1.5340

Resistance levels: 1.5485, 1.5560

 
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