EURO
The European currency consolidated at the key support area around 1.5420s in a declining volume to indicate the tendency to the downside for today until the levels of 1.5300s.
The trading range for today might be between the key resistance level at 1.5550 and the key support level at 1.5300.
The general trend is up as far as 1. 4260 remains intact targets now at 1.6080 and 1.6360.
| Support | 1.5409 | 1.5387 | 1.5363 | 1.5340 | 1.5317 |
| Resistance | 1.5435 | 1.5453 | 1.5487 | 1.5500 | 1.5524 |
Recommendation | We expect selling Euro below 1.5450 with a target at 1.5320, stop loss above 1.5490 | ||||
GBP
The British pound last week fluctuated with tendency to the downside direction as the pound couldn't breach the important resistance level at 1.9880s to hit the support at 1.9800s. Today we expect the pound to progress in the downside correction until the levels of 1.9700s.
The trading range for today might be between the key resistance level at 2.0000 and the key support level at 1.9600.
The general trend is down as far as 2.0200 remains intact targets now at 1.9230 and 1.8700.
| Support | 1.9790 | 1.9771 | 1.9748 | 1.9724 | 1.9703 |
| Resistance | 1.9820 | 1.9842 | 1.9870 | 1.9895 | 1.9912 |
Recommendation | We expect selling sterling below 1.9850 with a target at 1.9720 stop loss above 1.9895 | ||||
JPY
The dollar against the Japanese yen last week jumped in the upside direction above the ascending trend line. Therefore, we expect the pair today to progress in the upside direction again.
The trading range for today will be between the key resistance at 101.80 and the key support at 96.80.
The general trend is down as far as 109.00 remains intact, targets at 92.40and 90.00.
| Support | 98.86 | 98.66 | 98.45 | 98.24 | 98.08 |
| Resistance | 99.20 | 99.48 | 99.70 | 99.90 | 100.17 |
Recommendation | We expect buying USD/JPY above 99.25 with a target at 100.45, stop loss below 98.80 | ||||
CHF
The dollar against the SWISS Frank last week moved with the upside trend line to form some bullish patterns to take the pair today in the upside direction until the significant resistance level at 1.0170. Nevertheless, this move could be valid on the short-term only.
The trading range for today will be between the key resistances at 1.0200 the key support at 0.9800.
The general trend is down as far as 1.1000 remains intact, targets at 0.9670 and 0. 9370.
| Support | 1.0075 | 1.0050 | 1.0028 | 1.0011 | 0.9978 |
| Resistance | 1.0104 | 1.0123 | 1.0155 | 1.0177 | 1.0198 |
Recommendation | We expect buying USD/CHF above 1.0075 with a target at 1.0160, stop loss below 1.0030 | ||||
CAD
The dollar against the Canadian last week rallied in the upside direction with high levels of volume to get over the major resistance level at 1.0000. However, today the pair showed some downside tendency.
The trading range for today will be between the key resistance at 1.0350 and the key support at 1.0150.
The general trend is down as far as 1.0700 remains intact, targets will be 0.9030 and 0.8840.
| Support | 1.0230 | 1.0210 | 1.0185 | 1.0160 | 1.0146 |
| Resistance | 1.0255 | 1.0275 | 1.0300 | 1.0322 | 1.0350 |
Recommendation | ... | ||||