BERITA FOREX. EUR/USD Price Analysis: On the bids around multi-month top around 1.2300 NEWS | 5 minutes ago | By Anil Panchal

 

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  EUR/USD rises for the fourth consecutive day while probing the highest levels since April 2018.
• Sustained trading beyond 10-day SMA, eight-week-old support line favor buyers.

EUR/USD pokes the 32-month high, flashed the previous day, while taking rounds to 1.2305, up 0.12% intraday, during early Thursday. The pair jumped to the multi-month high on Wednesday after clearing December 17 top.

Also favoring the EUR/USD buyers is the quote’s successful trading above 10-day SMA and an upward sloping trend line from November 04 as MACD flirts with the bulls.

That said, the present upside momentum eyes on the ascending trend line from December 03, at 1.2370 now, ahead of challenging the 1.2400 round-figure. However, the April 2018 peak near 1.2415/20 can offer breathing space to the EUR/USD bulls afterward.

On the contrary, a downside break of the early-month high near 1.2270 can re-test the 10-day EMA level of 1.2230. Though, trendlines stretched from early November and December 09, respectively around 1.2215 and 1.2200, will probe the quote’s further weakness.

In a case where the EUR/USD bears retake control below 1.2200, the 1.2000 and the early November high near 1.1920 will gain the market’s attention.

Source from https://www.fxstreet.com/news/eur-usd-price-analysis-on-the-bids-around-multi-month-top-around-12300-202012310210

BERITA FOREX. GBP/USD Price Analysis: Extends bounce off 21-day SMA to battle immediate resistance line NEWS | 24 minutes ago | By Anil Panchal

 

• GBP/USD keeps the previous day’s recovery moves to refresh intraday high.
• A descending trend line from last Thursday guards nearby upside.
• An eight-week-old rising support line becomes the key.

GBP/USD picks the bids near 1.3535, up 0.27% intraday, during Wednesday’s Asian session. In doing so, the cable stretches the U-turn from 21-day SMA as buyers attack a falling trend line from December 24.

Considering upbeat RSI conditions, as well as successful trading above 21-day SMA and an upward sloping trend line from November 02, GBP/USD bulls are set to challenge the monthly peak surrounding 1.3620.

However, the stated resistance line near 1.3535 and the 1.3600 round-figure can offer intermediate halts during the rise.

Should sterling buyers keep the reins past-1.3620, March 2018 low around 1.3710 will be the key.

On the flip side, the 1.3500 threshold can offer immediate support ahead of the 21-day SMA, currently around 1.3430.

Though, GBP/USD bears are less likely to intervene unless witnessing a daily close below the multi-day-old support line, at 1.3255 now.

Source from https://www.fxstreet.com/news/gbp-usd-price-analysis-extends-bounce-off-21-day-sma-to-battle-immediate-resistance-line-202012300153

BERITA FOREX. AUD/USD Price Analysis: Wavers around intraday high near 0.7600 amid risk-on mood NEWS | 28 minutes ago | By Anil Panchal

AUD/USD battles 0.7600, keeps recovery move from 0.7557 to print mild gains.

Strong RSI conditions, not overbought, keeps buyers hopeful around 10-day SMA.

Short-term horizontal resistance guards immediate upside, eight-week-old trend line offers nearby key support.

AUD/USD seesaws near 0.7590/95, after recently refreshing the intraday high to 0.7598, during early Tuesday. In doing so, the aussie pair rises 0.18% while taking rounds to 10-day SMA.

Considering the upbeat RSI conditions, coupled with the quote’s sustained trading beyond an upward sloping trend line from November 02, AUD/USD buyers remain hopeful.

Overall, bulls are likely to keep the reins, also backed by the risk-on mood amid the passage of the US coronavirus (COVID-19) aid package. However, holiday-thinned trading can keep the AUD/USD prices in check.

Read: USD/JPY trims early-Asian losses to eyes 104.00 as US stimulus headlines favor risks

That said, a clear break of 0.7640/41 horizontal resistance becomes necessary for the bulls before challenging June 2018 top near 0.7675.

On the contrary, a downside break of the stated support line, at 0.7541 now, needs to break 21-day SMA and a three-week-long rising trend line, respectively around 0.7520 and 0.7510, before recalling the AUD/USD sellers.

It should also be noted that the 0.7500 round-figure adds to the downside filters before challenging the monthly low of 0.7338.

Source from https://www.fxstreet.com/news/aud-usd-price-analysis-wavers-around-intraday-high-near-07600-amid-risk-on-mood-202012290154