Web Trader MT5
EURUSD Technical Analysis
EURUSD remains in a short-term bearish trend. The pair has been making lower highs and lower lows since the 1.1495 peak. Price is currently just above the 20-hour moving average. The recent rebound from 1.1368 is therefore worth watching.
The immediate resistance is around 1.1394, followed by 1.1410–1.1432. A sustained move above 1.1432 would provide stronger evidence of a short-term reversal. On the downside, 1.1368 is the key immediate support, a break below it could expose 1.1356. For now, the chart suggests consolidation within a broader bearish structure, with momentum attempting to turn higher.
EURUSD 1H Chart
Source: STARTRADER app | EURUSD falls below 1.1400 levels as the downtrend continues
| Resistance | 1.1410 | 1.1432 | 1.1470 |
| Support | 1.1368 | 1.1356 | 1.1320 |
Copper Technical Analysis
Copper is showing a mixed-to-bearish short-term structure after falling from the recent high of $6.81. The decline brought prices toward $6.62, where buyers have recently emerged. The latest rebound has pushed copper back toward $6.67–$6.68, but price remains close to the 20-hour moving average.
The immediate resistance zone is $6.69–$6.70, followed by $6.76–$6.77 and the recent high at $6.81. On the downside, $6.62 is the key support, followed by $6.59.
A sustained break above $6.70 would strengthen the recovery attempt, while rejection around that area would keep copper in its recent range and leave $6.62 vulnerable.
Copper 1H Chart
Source: STARTRADER app | Copper prices stabilize near record highs despite a stronger dollar
| Resistance | $6.70 | $6.81 | $5.94 |
| Support | $6.52 | $6.44 | $6.21 |
Nasdaq Technical Analysis
Nasdaq has shifted into a short-term bearish correction after reaching a high of 30,845. Price is currently around 30,371, below the three moving averages MA5, MA10 and MA20, while all three averages are beginning to slope lower. The sharp decline from the recent peak indicates that selling pressure has increased.
The first resistance is around 30,450–30,500, followed by 30,595 and the previous high at 30,845. On the downside, 30,231 is the immediate support visible on the chart. A break below that level could open the way toward 30,000 and potentially the 29,867 area.
Nasdaq 1H Chart
Source: STARTRADER app | Nasdaq retreats from its record high as treasury yields soar
| Resistance | 30,500 | 30,595 | 30,845 |
| Support | 30,231 | 30,000 | 29,867 |
Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.
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