By TraderVox.com
Tradervox (Dublin) – Euro retraced back below the 1.3100 levels as it was under the pressure all day. It is trading near the opening price at 1.3073. Trade balance data from EMU came below expectation at a deficit 7.6 billion Euros against the expected surplus of 4.6 billion Euros. The support may be seen at 1.3060 and below at 1.3040. The resistance may be seen at 1.3100 and above 1.3140.
The Sterling Pound has printed a fresh high of 1.5742, during the European session. It is currently trading near the high at 1.5738, up about 0.17% for the day. The resistance may be seen at 1.5760 and above at 1.5800. The support may be seen at 1.5700 and below at 1.5650 levels.
The USD/CHF pair is trading in a tight range of 35 pips. The pair is approaching the daily low of 0.9215 printed during the Asian session. It is trading around 0.9223, down about a tenth of a percent for the day. The support may be seen at 0.9200 and below at 0.9160 levels. The resistance may be seen at 0.9250 and above at 0.9300.
The USD/JPY pair is approaching the 84 levels after a pause of yesterday. The pair has printed a high of 83.92. The pair is trading near the high at 83.86, up about 0.40% for the day. The support may be seen at 83.80 and below at 83.30. The resistance may be seen at 84 and above at 84.30 levels.
Australian dollar is trading comfortably above at 1.0500 levels at 1.0550, up about 0.20% for the day. The support may be seen at 1.0500 and below at 1.0450. The resistance may be seen at 1.0560 and 1.0060 levels.
The US dollar index has come off the recent highs and is approaching the 80 levels. The pair is trading around 80.36.
Disclaimer
Tradervox.com is not giving advice nor is qualified or licensed to provide financial advice. You must seek guidance from your personal advisors before acting on this information. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. Opinions expressed at Tradervox.com are those of the individual authors and do not necessarily represent the opinion of Tradervox.com or its management.
Article provided by TraderVox.com
Tradervox.com is a Forex News Portal that provides real-time news and analysis relating to the Currency Markets.
News and analysis are produced throughout the day by our in-house staff.
Follow us on twitter: www.twitter.com/tradervox