EURUSD Euro/dollar broke through 1.0882.
Bulls on the euro/dollar did manage to overcome the resistance in the 1.0882-1.0900 area. This led to the growth of the pair to the level of 1.0971, which is currently able to provide a strong resistance. Kickbacks are limited now by support in the area of 1.0900-1.0882. In the short term possible testing of the psychological level of 1.1000, a breakthrough of which and the ability to consolidate above, will significantly improve the prospects for the euro. Nevertheless, the long-term trend remains in force. Today published data on consumer inflation in the US may provoke splash of volatility.
GBPUSD Pound/dollar stays below 1.5000.
Being under pressure, the pound/dollar brokethrough the support in the area of 49th figure and fell to 1.4838 support area. However, here the pound was bought out, which allowed him to return to the 1.4973. But to test the psychological level of 1.5000 the bulls have failed, and the pair is now trading close to the 49th figure. Its loss will lead to a retest of support in the area of 1.4838, a breakthrough of which, would open the way towards 1.4777-1.4722. To continue an upward correction, the pound still needs to get up and consolidate above the 1.5000.
USDCHF Dollar/franc has fell again.
Attempt of the dollar in a pair with the Swiss franc to return above the 98th figure was unsuccessful. Once it got pressurized, the pair resumed its decline and fell to the support to 0.9666/40. The loss of support will lead to the reduction at 0.9555. For the resumption of growth, the dollar needs to get up and consolidate above the 0.9800. Today’s inflation data for the US may have an impact on the dynamics of dollar/franc.
Free Reports:
USDJPY The pressure on the dollar/yen remains.
Pressure on the dollar/yen is maintained. To get back and consolidate above the 120.00 – the dollar has failed, and, as a consequence, it resumed its decline by testing the support at 119.52. While the pair is trading below the 120.00, the downside risks in the area of 116th figures will remain. To continue the growth, the dollar needs to go up and consolidate above the 120.00
