EUR USD Euro/dollar is trading with no changes
New trading week started calmly, without sharp fluctuations in the currency market. The euro remained under pressure in tandem with the US dollar, in the same time the support at 1.0557 without too much effort held back the onslaught of the bears. Today, the pair approached the 1.0600, which still, does not seem as the beginning of a larger movement. It is possible that we will have another quiet day, and the euro/dollar continues to trade in a range. Prospects for the euro remains negative.
GBP USD Pound/dollar bounced off the 1.5000
As we expected, the bears on the pound/dollar, breaking through support at 1.5040, tested the strength of the psychological level of 1.5000, which is at this point unable to restrain their onslaught. After testing it, the pair tries to develop a recovery, rising up to the level of 1.5103. However, a trend reversal is out of the question, bears may try again to break through 1.5000, thereby reducing the pair towards 1.4566. Growth above the 52nd figure would weaken the bearish pressure.
USD CHF Dollar/franc is under pressure
In the conditions of low market activity, vague attempts of bulls on the dollar/franc to break through resistance at 1.0320 have been unsuccessful, that was the reason for some profit, against which, the pair retreated to support at 1.0257. On the eve of the publication of data on US labor market, the dollar may drop to the area of 02nd figure, but its prospects remain positive.
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USD JPY Dollar/yen tested 123.34
The US dollar continued to rise yesterday against the Japanese yen, as a result, he has tested resistance at 123.34. To break this level the dollar was not able to, and came under pressure, he was forced to retreat to the support of 122.64. The inability of the dollar to rise up and consolidate above the 124-th figure may lead to a reduction of the pair towards the psychological level of 120.00.
