EUR USD Euro/dollar storms 1.1396
As we expected, yesterday’s market activity was at a low level, and any interest and vital movements were not observed. The euro against the dollar gently tried to break through resistance at 1.1396 from which also gently retreated to the support of 1.1343. Today, he again rushed up, and again failed for now to overcome ofer of the bears. Thus it is logical to assume that the further growth of the pair depends on its ability to break through resistance at 1.1396-1.1460 and until then the resumption of risks reduction will remain.
GBP USD Pound/dollar tests resistance
The low liquidity of the pound/dollar yesterday, at first tested the resistance at 1.5377, then dropped to the 53rd figure. Here, buyers became more active, and now again the pair storms the abovementioned resistance. In case of breaking through, it should be expect growth of pair in the area of the 55th figure. The loss of support at 1 5300-1.5290 will lead to a reduction to 1.5200.
USD CHF Dollar/franc is under pressure
Yesterday’s trading day did not bring any changes for the pair dollar/franc. Yesterday, it traded in an extremely narrow range between the levels of 0.9623 and 0.9594, and today in Asian session has tested the 0.9645 level and then returned to the area of the 96th figure. The pressure on her is preserved, and it may fall to the 95th figure, although it is difficult to come up with an objective reason which would justify the purchase of the franc.
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USD JPY Dollar/yen is reduced
The US dollar yesterday face pressure from the Japanese yen, against which it decreased to a level of 119.89. After a slight rollback the decline has resumed and the pair currently testing the level of 119.80. In the short term it may decrease towards the 119th figure, but not the fact that this will be the beginning of the movement in the downward direction.
