EURUSD is gradually decreasing, GBPUSD stood near 1.5500 in Forex

October 20, 2015

EUR USD The euro/dollar is gradually decreasing

The currency market is in a sleepy condition. Euro/dollar under pressure, gradually declined to the support in the area of 1.1305. Kickbacks are limited by the level of 1.1340. Falling to the current support after growth in the area of the 15th figure increases the risks of further decline of the pair. Return the demand for the euro can a “hard” comments of Mario Draghi.

 

GBP USD Pound/dollar stood near 1.5500

Sluggish turned out to be yesterday for the pair of pound/dollar. It gradually has risen up to resistance in the area of 1.5495 after testing of which it reduced to the level of 1.5457. To continue the growth, the pound needs to go up and consolidate above the 55th figure, which will contribute the growth towards the 57th. The loss of support 1.5400-1.5377 will call into question the ability of the pound/dollar to develop upward correction.

USD CHF Dollar/franc is consolidating after a decline

The US dollar is consolidating after a decline against the Swiss franc, trading in a range between support in the area of 95th figure and the resistance of 0.9577. Yesterday the pair tested the upper limit of the range, which continues to hold back the onslaught of the bulls. Its break through will lead to growth to 0.9600-0.9666. The loss of the 95th figure will signal on the resumption of decline.


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USD JPY Dollar/yen can not break through 119.60

Half-hearted attempts of the US dollar to break through resistance at 119.60 in tandem with the Japanese yen have been unsuccessful. Reductions, in its turn, are limited by the level of 119.14. While the pair is trading below the psychological level of 120.00 the downside risks will remain. The growth above it will give the bulls hope for the resumption of growth.

provided by IAFT

 

 

 

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