EURUSD back below 1.1000, GBPUSD tested 1.5605 in Forex

August 11, 2015

EURUSD Euro/dollar back below 1.1000

Profit-taking on short positions in the euro/dollar yesterday continued. On this background, the pair broke through the resistance at 1.0975-1.1000 and tested the 1.1041 mark. On the approach to resistance in the 1.1052 the bears have activated, leading to the return of the pair to 1.0965. Thus, while the euro/dollar is trading below 1.1052, downside risks will remain. To continue the development of ascending correction is necessary to break through the resistance 1.1052 and 1.1130.

GBPUSD Pound/dollar tested 1.5605

British pound against the US dollar found support at 1.5458, from which he began yesterday the growth and overcame the resistance at 1.5545, rose up to the level of 1.5605, after testing of which rolled up to 1.5558. Obviously, for the resumption of an upward correction bulls needs to overcome the resistance 1.5605 and 1.5689, and until then the probability of a decline in the direction of the 53rd figure will remain high.

USDCHF Dollar/franc at 0.9800 repurchased

The demand for the US dollar in tandem with the Swiss franc persists. On the decline in the direction of the 98th figures the pair continue to buy, but to rise above 0.9890 it still can not. However, the likely target of bulls in the form of the psychological level of 1.0000 could still be tested. The loss of 0.9800-0.9759 will weaken an upward impulse and break through of 0.9666 will signal on the resumption of the downward trend.


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USDJPY Dollar/yen remains positive

Changes in the overall picture for the dollar/yen is still there. The pair remains positive, so the bulls can test the 125th figure in the short term. Its break through is necessary for the continuation of the an upward trend. Otherwise, the dollar will come under pressure on profit, which can lead to its reduction in the direction of the 123 figure.

 

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