The U.S. Dollar Increases at the End of the Day
EURUSD – The EURUSD Supported by Level 1.3021
The EURUSD is slowly fluctuating between the 1.3052 and 1.3107 levels, having initially tested the low, and then – the high level. Therefore, yesterday turned out to be a boring and monotonous day. During the U.S. session, speculators somewhat came to life, the pair broke the support and dropped to a more serious support at 1.3021, reinforced by the running 50-day MA. What is important for the pair bulls that this level has attracted buyers, and the pair returned to 1.3081. This proves the continued demand for the EURUSD pair, as well as its potential to develop the upward momentum. The breakthrough of this support would worsen the pair’s outlook.
GBPUSD – The GBPUSD Under Pressure Again
The GBPUSD attempt to increase failed at the level of 1.5385. Having tested this level, the pair dropped to the support at 1.5308 which managed to constrain the bears for some time. But the recovery was limited by the level of 1.5344, and during the U.S. session, the support failed to resist, having caused the rate to drop to 1.5270. During the Asian session, the pound managed to recover to the level of 1.5308 – the resistance level this time, where it is trading at the moment. The drop below 1.5308 weakens the pair bulls’ position, but as long as the GBPUSD is trading above the 100-day MA, running near 1.5240, the pair’ outlook remains positive. The decreases below would lead the pound down the slippery slope.
USDCHF – The USDCHF Fluctuates Within Descending Range
Yesterday’s fluctuations in the USDCHF pair were limited by the narrow range again. The pair first dropped to 0.9267, then increased to 0.9327, and then dropped to 0.9288. There is not much pabulum for reflection regarding the future dynamics of the pair. However, the pair moves downwards within the range that could easily be broken in a southerly direction. In this case, it is wise to expect testing of the 92nd figure.
USDJPY – The USDJPY Dropped to 95.80
The USDJPY was gradually slipping lower and lower, then it turned into a landslide movement, in which the pair dropped to 95.80. The pair’s demand remained strong and it returned to the level near 97.70 – the resistance level this time. Though, the bears’ further attempts to continue their downward correction are not ruled out, the 96th figure looks quite attractive for purchases, since the 100-day MA runs near it. The nearest support level can be the level of 96.70.
