EUR/USD Pressure on the euro/dollar remains
Pushed off from the support in the area of 1080, the euro was able to recover in tandem with the US dollar up to the level of 1.0900, which provided a pair of resistance. Posted here ofer, have returned the pair to support. Soon, it was broken through and bears tested the mark of 1.0811. The forecast for the euro remains negative, but as long as it trades above the 08th figure, the chances of testing 09th will remain.
GBP/USD Pound/dollar tested 1.4352
As expected, the British pound against the US dollar tested the 45-th figure, which was almost immediately broken through and the pair continued to decline and fell to the level of 1.4352. After testing, there was a rollback to 1.4475. The Pound is showing signs of oversold, creating the risks of ascending correction, but re-testing of the 1.4352 should not be excluded.
USD/CHF Demand for the dollar/franc remains
The demand for the US dollar in tandem with the Swiss franc persists. Yesterday, on the decline to 0.9966, he was bought out, which led to the growth of the pair above the psychological level of 1.0000 and testing of the resistance in the area of 1.0058. Next, bulls may test resistance 1.0124, a break through of which would open the way to the 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 develop a recovery
Yesterday, the dollar/yen traded mixed, consolidating after falling to 116.68. Exchange rate fluctuations of the pair were limited by the support at 117.20 and resistance in the area of 118th figure, that the bulls have tried to break through in the Asian session. To absorb ofer, placed above the 118.35 they failed, and the pair may again fall below the 118th figure. In this case, testing is possible of the 117.20/00, a break through of which will lead to a fall to the current lows. Having consolidated above 118-th figure, bulls will test the resistance of 118.80.
