EURUSD remains under pressure, GBPUSD may fall to 1.5100 in Forex

November 17, 2015

EUR USD Euro/dollar remains under pressure

For obvious reasons, the pressure on the euro/dollar persists. Yesterday the pair continued to fall, broke through the 07 th figure and tested the level of 1.0674, and today in the Asian session – 1.0656. The euro is showing signs of oversold, that, nevertheless, does not exclude its decline to 1.0462-1.0400.

eur

GBP USD Pound/dollar may fall to 1.5100

Yesterday’s trading day the British pound in the pair with the US dollar spent making fluctuations around the 52 th figure. Today, the bears in the Asian session, passing the support area of 1.5180, tested the 1.5165 mark. Next, they can test the 51 th figure, its loss will lead to a reduction to 1.5040-1.5000.

gbp

USD CHF Dollar/franc is moving in the direction of the maxima

The demand for the US dollar in tandem with the Swiss franc persists. The pair was able to consolidate above the previously broken through psychological level of 1.0000, which indicates the potential growth to the 1.0200-1.0267. Begin to appear the signs of overbought, but it is unlikely will prevent the bulls from testing the highs.


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chf

USD JPY Dollar/yen tested 123.40

After a minor correction to the support in the area of 122.22 US dollar resumed its rise against the Japanese yen, rising at the moment to the resistance at 123.40, approaching, thus, to the highs of last week at the level of 123.60. A breakthrough of this level will allow the bulls to test the 124-th figure, its passage will lead to growth in the direction of 125.00-125.28.

jpy

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