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Daily Technical Report 15-5-2024

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EURUSD

EURUSD

The EUR/USD pair has broken above the minor resistance level of 1.0790, with a likely target of 1.0860. This scenario is negated if the pair breaks back below the 1.0790 level.

Support

1.0790 1.0765 1.0740
Resistance 1.0860 1.0875

1.0920

GBPUSD

GBPUSD

Prices bounced from the 1.2530 area in yesterday’s trading, 1.2625 area still expected to be targeted, which may limit the pace of the rise.

Support

1.2525 1.2500 1.2470
Resistance 1.2595 1.2610

1.2630

GOLD

GOLD

Prices are trading above the support level of $2325. It is likely that prices will rise and target $2380. This scenario is negated if the support level mentioned is broken to the downside.

Support

2330 2300 2275
Resistance 2380 2400

2430

NASDAQ

NASDAQ

Nasdaq index broke above the 18,190 mark, reaching close to the target of 18,400. This area is likely to limit the pace of the upward movement.

Support

18190 18100 17950
Resistance 18400 18490

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