EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – May 25, 2018

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Published: May 25, 2018, 09:10 UTC

EUR/USD The Euro has rallied a bit during the Thursday's session against dollar using 1.17 level as support. The market has significant resistance above

EUR/USD

The Euro has rallied a bit during the Thursday’s session against dollar using 1.17 level as support. The market has significant resistance above at the 1.18 level and likely to continue to volatile. With some geopolitical concerns relating to North Korea cropping up, the market will find some buying pressure, which should be used as a selling opportunity. …Read More

GBP/USD

The pair moved slightly higher during the yesterday’s session reaching towards the 1.34 level. The market has strong resistance at the 1.35 level which will be very difficult for the market to cross above. Going forward, the market will continue to remain weak possibly reaching towards the 1.33 level and 1.30 level eventually. …Read More

AUD/USD

The pair traded on a quiet note and hanged around the 0.7550 level during the yesterday’s session. The market should continue to be very noisy due to strong resistance above at the 0.76 level and also due to strength in the dollar. Rallies in the market will sellers into the market and will break the market further towards the 0.75 and 0.7350 level. …Read More

USD/JPY

The USD rallied slightly higher during the yesterday’s session showing signs of resiliency. The pair has a strong support at the 109 level and not likely to go below that line. Once the market clears above the 110 level then next major important level for the market will be 112.50 level. Pullbacks will continue to offer great value in this market. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.