The EURUSD Trading With a Positive Sentiment
Yesterday’s trading day was boring, dull and uninteresting. The EURUSD was trading sluggishly above the support at 1.3618, while it was not risen above 1.3652. The pair increased by 1.3678 in the Asian trading session, then it rebounded to 1.3656. Apparently, this increase was associated with an increase in the Australian dollar against the U.S. currency, but not with suddenly appeared interest in buying euro from Asian players. Nevertheless, the euro bears were certainly disappointed by dynamics of the pair, which could grow up to the 37th figure, where they could once again begin to sell the pair. In the short term, the dips to 1.3618 should attract buying interest, a loss of the 36th figure will delight the bears.
The GBPUSD Stick in a Tight Range
The GBPUSD was drifting in a tight range, hesitating in sense of the pair existence. The pound is still under pressure as well as in cross rate with the euro. Nevertheless, so far the British pound manages not to fall below the support around the 1.6382 level, thereby keeping the bulls` hope to continue growing of the pair. If this support is lost, it will extinguish the smoldering flame of hope and lead to a drop in the pair to the 63rd figure. In turn, rising above 1.6433-1.6454 will inflate the flame of hope and lead to testing the 65th figure.
The USDCHF Is Aimed At 0.8900
The U.S. dollar is losing its confidence in itself in pair with the Swiss franc. Yesterday, its rate dropped to 0.8959, then the dollar retreated and was sluggishly trading above this markup. In the Asian session, it dropped to 0.8938. It seems that the bears are aimed at the support at 0.8900, its breakout would open the way to the 88th figure. The bulls still need to return the pair above 0.9118 to make its prospects constructive.
The USDJPY Holding Above 102.00
Yesterday, the USDJPY was under pressure and decreased to the support around the level of 101.99. Here the pair is being bought, though it is hardly possible to mention any fluctuations. The ability to consolidate above the 102th figure is a positive factor for the dollar and it can rise to 103.00 in the short term. A loss of 102.00-101.80 will testify to resume a downward correction.
