Energies
EURUSD Nears Major 1.1500 level
EURUSD nears the crucial level of 1.1500 as pressure on the USD continues with the ongoing tariffs imposed on the US from different countries around the world.
The euro reached its highest level against the USD since February 2022 in today’s trading. With RSI reaching the overbought level, it is important to be cautious of sudden drops in EURUSD at the current levels.
GBPUSD breaks through 1.3200
The British Pound reached its highest level against the USD since October 2024 as the GBPUSD broker above 1.3200 in the past few hours. A bearish divergence on the RSI might indicate slowing down in the uptrend for the GBPUSD. Major support level to monitor on the pair is 1.3050 for any downward retracements.
USD Index below 100 again
Pressure continues on the USD as tariffs are imposed on US exports to major trade partners across the world. Breaking below 99.00 level might indicate more selling pressure, consequently pushing major currencies higher. 100.50 zones on the USDX are possible reversal points downwards due to the daily gap.
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