By TraderVox.com
Tradervox (Dublin) – Euro started the week with the plunge as it threatens the break of 1.3200 levels. It is currently trading around 1.3215, down about 0.40% for the day. The single currency printed a fresh low of 1.3194 early European session. The support may be seen at 1.3190 and below at 1.3140. The resistance may be seen at 1.3260 and above at 1.3325 levels. German IFO data came better than expected. But the cheer for the encouraging data remained short lived.
The Sterling Pound is also trading in red following the correlation with Euro. The pair is trading around 1.5827, down about 0.30% for the day. The cable printed a fresh low of 1.5799 during the early Europeans session. But it has recovered and rose above the 1.5800 levels. The support may be seen at 1.5800 and below at 1.5760 levels. The resistance may be seen at 1.5860 and 1.5920 levels.
The USD/CHF pair has come off the lows and is trading above the 0.9100 levels at 0.9108, up about 0.35% for the day. The resistance may be seen at 0.9150 and at 0.9200 levels. The support may be seen at 0.9100 and 0.9060.
The recent correction in USD/JPY has seemed to have stalled at 82 and the pair is trading comfortably above it. It is presently being quoted at 82.80, up about half a percent for the day. The resistance may be seen at 82.90 and above at 83.40. The support may be seen at 82.50 and at 82.20.
Australian dollar failed to break the 1.0500 levels as it printed a high of 1.0484 for the day. The pair is trading around 1.0465, almost flat for the day. The support may be seen at 1.0450 and 1.0420. The resistance may be seen at 1.0500 and at 1.0560 levels.
The US dollar index is trading around 79.65 levels.
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
