chf
It looks like the pair failed to reach the 61.8% corrections level for the descending channel as it lacked bullish momentum. From here we see that trading is between 1.0375 and 1.0275 where the trend will remain sideways with no clear pattern on the short term. However overall, we see that the movement for today will be split into two in which the first will be to the upside as the pair is in an over sold area and the second is a sharp downfall towards the bottom as the momentum indicators on the short run show the pair being over bought. The trading range is seen among 1.0180 support levels and 1.0410 resistance levels. The general trend is to the upside as far as 1.0010 remains intact with targets at 1.0725 and 1.0860
| Support | 1.0275 | 1.0255 | 1.0230 | 1.0210 | 1.0180 |
| Resistance | 1.0320 | 1.0375 | 1.0400 | 1.0410 | 1.0465 |
| Recommendation | ... | ||||
jpy
Different momentum indicators are pointing to the downside for the pair towards the 107.70 resistance level to test it yet it is expected for the pair not to trade above 108.00 levels easily as the bullish strength is starting to weaken. Here we believe that a correction will occur if the pair fails to trade above the mentioned level taking it down to the support level of the ascending channel at 106.40. The trading range is seen among 105.80 support levels and 108.40 resistance levels. The general trend is to the upside as far as 103.00 remains intact with targets at 109.90 and 113.24
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gbp
It seems like the momentum indicators are trying to escape the over sold area as the pair tries to breach the resistance of the downside channel on the short term. If trading remains above 1.9670, the opportunity to reach 1.9860 or the 61.8% correctional level on the downside channel is possible yet the pair could face some obstacles at 1.9800. The trading range is seen among 1.9605 support levels and 1.9860 resistance levels. The general trend is to the downside as far as 2.0460 remains intact with targets at 1.9267 and 1.9053
| Support | 1.9710 | 1.9690 | 1.9660 | 1.9620 | 1.9605 |
| Resistance | 1.9740 | 1.9750 | 1.9770 | 1.9820 | 1.9860 |
| Recommendation | ... | ||||
euro
A double bottom has been formed where the second bottom is above than the first to illustrate a new upside trend targeting 1.5800 at the very least. This trend will remain the mover in the markets as long as trading is above 1.5680 which is the 38.2% correction level. The trading range is seen among 1.5590 support levels and 1.5820 resistance levels. The general trend is to the upside as far as 1.4900 remains intact with targets at 1.6178 and 1.6405
| Support | 1.5685 | 1.5660 | 1.5640 | 1.5625 | 1.5590 |
| Resistance | 1.5720 | 1.5735 | 1.5755 | 1.5780 | 1.5820 |
| Recommendation | ... | ||||