EURUSD Euro/dollar failed to continue the growth
As should be expected, yesterday’s attempt of euro/dollar return to the path of growth was unsuccessful. After testing the resistance in the area of 1.1289, the pair was sold, which led to its fall to support of 1.1174 . Thus, the risks breaking through and testing of 11th figure has increased significantly, and then the next bears will test the support at 1.1052-1.1000.
GBPUSD Pound/dollar continued its decline
The British pound yesterday attempted to develop an upward trend in tandem with the US dollar, but on the growth to the level of 1.5244 it was sold, which led to break through of the 52nd figure and reduction of the rate of the pair down to 1.5136. The following can be tested 51st figure, in case of break through of which, the pair will drop to 1.5040-1.5000.
USDCHF Dollar/franc remains in the range
Not being able to determine the direction, the dollar/franc is in a range trading between support in the area of 0.9666 and resistance at 98th figure. Overall, the pair is in a consolidation phase, where the exit out of range will mark the direction of movement. Strong break through of 0.9800 will lead to growth to 1.0000. The loss of 0.9568-0.9500 will open the way towards 0.9300.
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USDJPY Consolidation of the dollar/yen continues
For the last day the situation in the dollar/yen has not changed. The market activity was at a low level, and in these conditions the pair slightly rose up , testing the resistance at 120.55. Thus, the consolidation phase continues, where the risks of breaking through the upper limit remain high. The loss of the 119th figure would signal on the development of a larger downward correction.
