EURUSD Euro/dollar rose up in Asian session
Yesterday, in a low market activity the euro/dollar consolidated in a range between support at 1.1121 and resistance 1.1178. Another drop in the Chinese stock market has led to the upper limit of breaking through and growth of the pair to the 1.1223. Taking into account the policy of the ECB, a significant recovery of the pair looks unlikely although the growth in the direction of 1.1300 should not be excluded. On the growth is likely the activation of the bears.
GBPUSD Pound/dollar is trying to recover
British pound against the US dollar yesterday, showed a positive dynamic, rising up to the resistance in the are of 1.5290. In the Asian session this level has been broken, which led to the growth of the pair to the 1.5353. For excessive optimism the bulls on pound have no reason, but the pair may continue to recover in the direction of 1.5400-1.5437. As long as it’s trading below the 1.5500, the risks of decline renewal will remain.
USDCHF Dollar/franc is under pressure
The dollar/franc yesterday got up again to the resistance in the area of 0.9769, but this level successfully continues to deter the onslaught of the bulls. In the Asian session, the dollar came under pressure, which led to its decline in the area of 97th figure. Objective reasons for purchases the franc are still not, so on the dips is possible activation of the bulls. The loss of 0.9683-0.9666 will open the way in the direction of 0.9600-0.9568.
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.
USDJPY Dollar/yen declines
Yesterday’s recovery of the US dollar in tandem with the Japanese yen was limited by the resistance in the area of 119.59. In the Asian session on the background of sales on the Chinese stock market the yen enjoyed its moderate demand, which led to the fall of the pair to the 118.85. A break through of support will allow the bears to test the 118-th figure. To improve the prospects the dollar needs to return over the 120 th. Figure.
