EUR USD Euro/dollar in a narrow range
Currency market again came into a sleepy state. Euro/dollar yesterday traded in a narrow range, limited by support in the area of 1.1000 and resistance of 1.1052. Bulls are trying to consolidate above the psychological level of 1.1000, which will allow them to test the resistance at 1.1071-1.1100. The loss of 1.1000 would signal on the continuation of the downtrend.
GBP USD Pound/dollar is trading above 1.5400
The British pound started the new trading week on a positive note, rising against the US dollar up to 1.5495 of resistance area. To break it through at once it failed, and the pair retreated to the area of the 54th figure. Preserved here demand does not allow the bears to break this level, thus keeping the chances of retesting the 1.5495. A breakthrough of this level will lead to growth up to 1.5600. The loss of support will weaken the ascending impulse.
USD CHF Dollar/franc is under pressure
Got stuck in a range the US dollar paired with the Swiss franc, trading between resistance in the area of 0.9891 and support 0.9840. Pressure on the dollar remains and bears can test the 98th figure, the loss of which will open the way towards 0.9700-0.9666. Objective reasons for the large-scale purchases of Swiss franc are still no.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USD JPY Dollar/yen did not move in either direction
In the conditions of low market activity, the US dollar remained in a narrow range, trading in tandem with the Japanese yen between the levels of 120.25 and 120.85. In anticipation of important data on the US labor market investors do not hurry to open new positions in either direction, so before the publication of these data, the outset can remain.
