Spread trading video reviewing the EUR/USD after the Italian elections, plus the UK 100 and GBP/USD in the light of the UK credit rating downgrade and central bank policy.
Analysis includes a look at current trends, support and resistance levels, price targets and chart patterns. In this week’s video, Michael Hewson of CMC Markets discusses:
For more information on these markets, also see:
- UK 100 – Trading 10% above its 200DMA so we may see a pull-back
- EUR/USD – Broken blow its 100DMA and may target 200DMA at $1.29
- GBP/USD – Any break below $1.5070 could target $1.4950
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Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.