by JustForex
The EUR/USD currency pair
- Prev Open: 1.2125
- Prev Close: 1.2109
- % chg. over the last day: -0.13%
On Monday, the EUR/USD price failed to bounce above the SMA 50 and SMA 100 averages. Having closed the day lower on the H1 timeframe, it is indicated that bears are still prevailing, and the southern pattern remains a priority on Tuesday. The MACD indicator is in the negative zone. Stochastic indicates short-term oversold, which states a pullback or consolidation around 1.2110.
- Support levels: 1.2040, 1.1924
- Resistance levels: 1.2175, 1.2167
The main scenario for trading EUR/USD is selling on growth. There is now a pullback after the first southern impulse. Fundamental and technical background continues to point more towards the south. Targets – 1.2040 intraday and 1.1924 mid-term.
Alternative scenario: if the price fixes above the level of 1.2135 on the H1 timeframe, the currency pair is likely to return to the growth to 1.2175.
- – ZEW Economic Sentiment Index in Germany at 12:00 (GMT+2).
The GBP/USD currency pair
- Prev Open: 1.3426
- Prev Close: 1.3383
- % chg. over the last day: -0.32%
On Monday, sterling recovered most of its losses amid officials’ statements that a deal is still possible. The asset has left a long shadow at the bottom, which is a little confusing. But the day closed confidently below SMA 100 and SMA 50. On the pullback from the bearish momentum, Stochastic reacted by quickly hitting the overbought area. The MACD was unable to return to the positive zone, all technical indicators demonstrate the dominance of bears.
- Support levels: 1.3196
- Resistance levels: 1.3404, 1.3439
The main scenario: selling on growth. The southern impulse has weakened but remained dominant in the sterling. Buyings remain the most dangerous until the price fixes above 1.3400.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Alternative scenario: if the price consolidates above 1.3400, you can consider buying the asset.
- There is no newsfeed for today.
The USD/JPY currency pair
- Prev Open: 104.17
- Prev Close: 104.05
- % chg. over the last day: -0.12%
On Monday, the pair failed to hold on to its regained positions, and the price closed just below its opening. Market concerns took a piece of the action, and defensive assets were in demand. However, this didn’t affect USD/JPY that much. Price changes are minimal. Stochastic moves quickly from oversold to overbought levels and back. The MACD is neutral. Everything points to continuing trading in a narrow range.
- Support levels: 103.83, 103.68
- Resistance levels: 104.74
The main trading scenario for the pair – trading in a sideways range. Due to the rapid change in the market sentiment to negative, a decrease to the support level 103.68 in the first place and another rebound to the current levels is possible.
An alternative scenario assumes consolidation above the level of 104.20 and the resumption of growth to 104.74.
- There is no newsfeed for today.
The USD/CAD currency pair
- Prev Open: 1.2781
- Prev Close: 1.2797
- % chg. over the last day: -0.13%
On Monday, the asset showed low volatility. The pair failed to fix above the moving averages. The MACD remains in the negative zone. Stochastic is neutral. The bullish sentiment is still weak and you should probably be careful with purchases, although the pair seems to be significantly oversold.
- Support levels: 1.2770
- Resistance levels: 1.2835, 1.2886, 1.3026
The main scenario: we recommend considering buying an asset as part of the correction after it fixes above the average SMA 50 and SMA 100 on the H1 timeframe, or from the support level 1.2770 with a short stop-loss.
Alternative scenario: if the price can break through the support of 1.2770, it’s likely to continue falling to 1.2527.
- There is no newsfeed for today.
by JustForex
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
- The US and European stock indices are rising again amid renewed investor interest in the AI industry. Jul 10, 2026
- USD/JPY Falls as Yen Recovers Weekly Losses Jul 10, 2026
- Crude oil prices surged sharply by 7% in reaction to the rapid escalation of the conflict in the Middle East Jul 9, 2026
- Middle East Tensions Weigh on Gold Jul 9, 2026
- Pound Awaits Tighter Policy from Bank of England Jul 8, 2026
- The United States carried out airstrikes on Iran after Iran’s attacked tankers in the Strait of Hormuz. The RBNZ raised the interest rate to 2.5% Jul 8, 2026
- RoboForex Brings Full-Scale Trading to Telegram Jul 7, 2026
- Your Bourse Integrates TradingView Charts and Trading Platform Library with Trade Server Jul 7, 2026
- Yen Still Under Pressure: Markets Await Action from Authorities Jul 7, 2026
- Germany’s DAX Index has updated its all‑time high. OPEC+ countries have agreed to increase production Jul 7, 2026
