EURUSD
At the beginning of the trading week, the EUR/USD fond itself under pressure and fell to 1.3020 level. Here the pair found support and began restoring, through which could rise to the level of resistance around 1.3140. So, we got quite logical downward correction to the 30th figure, followed by reduction to an important resistance. Now, further dynamics of euro/dollar depends on the ability to get up and consolidate above resistance area 1.3140-1.3170. If this happens, then a pair of oxen may be able to count on growth to 1.3260 at least. Otherwise, bears will return the rate to 1.3020-1.3000. Loosing of the 30th figure aggravate the situation of the single currency and lead to fall to 1.2900-1.2880.
GBPUSD
In GBP/USD pair is seen a picture similar to the picture in euro/dollar. As part of a downward correction British pound fell to 1.6008, where it found a good support that allowed the pair to recover to now resistance at 1.6129. Theoretically bears may try again to test 60th figure, passing of it will decrease the British perspective. But if we are seeing the resumption of upward trend, the resistance has been passed and the pound will rush towards 1.6180-1.6200. Therefore, the behavior of market participants on the current levels will determine future pair dynamics.
USDCHF
Upward correction in dollar/franc pair has helped the U.S. Currency to recover to 93rd figure above which the dollar could not to rise. Yesterday the pair tested the 0.9286 mark and began to decline towards 0.9200 level, where it found support. If the dollar can consolidate above support, it will be able to continue upward momentum and get back to 0.9300 level, passing of which significantly improve the outlook. Otherwise, falling of the U.S. Currency will continue, and it would mean the completion of upward correction.
USDJPY
Despite the continuing negative against the Japanese currency, bulls on the USD/JPY pair did not find strength to rise above resistance at 88.40 mark, which has led to some profit taking. Thus, the pair is now trying to develop a downward correction and it dropped to 87.23 so far, on which the pair faced an attempt to resume growth. But at 87.80 sellers again made an actions, and the pair is slowly returning to the current support. The scale of pair growth give reason to expect that bears will not be limited by falling to 87.23, it means that dollar’s decline may be more impressive. The nearest goal of the bears is 86.76-86.63 support, next – 86th figure. In the absence of fresh incentives rise above the current maximum seem to be unlikely.
