Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
  • Negative balance protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

EUR/USD Uptrend Challenges Round 1.20 Resistance Level

January 02, 2018 04:30

EUR/USD

4 hour

The EUR/USD uptrend remains strong and has reached a solid resistance zone (red lines). A bearish reversal could send the EUR/USD lower to test the wave 2 vs 1 (pink) whereas a bullish breakout could indicate a continuation of the uptrend.

1 hour

The EUR/USD broke above the resistance trend lines (dotted orange) of the rising wedge chart pattern. Price is now testing the Fibonacci levels of wave X (orange).

GBP/USD

4 hour

The GBP/USD is challenging the previous top (red) which could be a resistance point. A bullish break could see price move towards the Fibonacci targets of waves 5, which seems to be part of a wave 5 (brown) within wave C (green).

1 hour

The GBP/USD seems to have completed an internal 5 wave (grey) pattern within a larger wave 3 (blue/green). A bearish retracement could occur as part of wave 4 (grey) but a break below the 61.8% Fib would make a wave 4 (grey) less likely.

USD/JPY

4 hour

The USD/JPY bearish price action has broken below a larger support trend line (dotted blue), which could be part of a larger bearish wave C (purple) correction within wave 2 or B (light purple).

1 hour

The USD/JPY is building a bear flag chart pattern (blue lines) which could be part of a wave 4 (blue) correction. A bearish break of the flag could see price fall towards the Fib targets of wave 5.

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Download MT4 Supreme Edition


Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.