EUR/USD Euro/dollar traded in a narrow range
The low liquidity of the euro/dollar yesterday, traded in a narrow range between support of 1.0868 and resistance of 1.0909. Thus, the pair is still in a consolidation phase after a corrective rally to 1.1059. Inability to break through 1.1000 increases the risks of testing and breaking of the 08 th figure, that will lead to a reduction in the area of 07th.
GBP/USD Pound/dollar is consolidating after falling
The pressure on the British pound from the US dollar persists, but the support in the area of 1.4240 so far successfully holding back the onslaught of the bears. Rollbacks up are limited by the resistance of 1.4323. Downside risks in the direction of 1.4000 persist, but overselling of the pair can lead to a profit-taking and the development of upward correction.
USD/CHF Dollar/franc remains positive
The dollar/franc yesterday, traded unchanged, remaining in a tight range between support of 1.0072 and the levels of 1.0039. In general, a positive attitude is maintained, that allows to assume promotion of the pair to the resistance at 1.0106. Its break through will lead to growth in the direction of 02nd. Figure.
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 is trying to recover
Yesterday, the US dollar managed to consolidate above the 117th figure in tandem with the Japanese yen. Today he broke through resistance at 117.40/66 and tested the 118 th figure. For now, we are not talking about the completion of the downward correction , about it will signal a steady growth above the 119th figure. Until then, the downside risks to the 116.00 will remain.
