EUR/USD Current price: 1.4295

View Live Chart for the EUR/USD


Euro recovered ground in the last hours supported by hopes of an agreement that will give new funding to Greece. EUR/USD is approaching 1.4300 and is about to rise above the price it opened Sunday overnight. A break above could send the Euro higher, probably to test 1.4325/40 as hourly and 4-hours indicators favors the upside ahead of Wall Street opening. Movements are likely to be limit on Monday, unless shocking news hit the wires. To the downside, the area around 1.4190/00 (60 SMA in 4-hours chart) is offering support to the Euro, a break below should trigger a bigger decline, probably to 1.4150/60; levels under are not seen for today but consolidation below 1.42 is likely to weaken the pair for the coming session.

Support levels: 1.4190 1.4155 1.4070

Resistance levels: 1.4315 1.4335 1.4385

GBP/USD Current price: 1.6191

View Live Chart for the GBP/USD (Select the currency)


GBP/USD is moving in an uptrend channel in small time frames, attempting to confirm levels on top of Friday’s highs and above 1.6200, that could lead to further gains. Initial resistance is seen at 1.6220 and above at 1.6250 (200 SMA in hourly chart) and 1.6280. Failure to break above 1.6210/20, could weaken the Pound and pair could likely retreat toward 1.6150. As long as it holds above 1.6110, bias will remain to the upside, below, expect an acceleration to the downside. 

Support levels: 1.6155 1.6110 1.6075

Resistance levels: 1.6220 1.6255 1.6280

USD/JPY Current price: 80.17

View Live Chart for the USD/JPY (select the currency)


Greenback recovery after Friday’s decline found resistance at the 60-SMA in hourly charts at 80.35 and regained the downside. Pair is still holding above 80.00 that is a major support, a consolidation under the mention level could lead to a bigger bearish movement, targeting 79.70 and below 79.55/45. If holds above 80.00, it could rise back to tests session highs; above it could rise to 80.45 that should limit the upside; higher levels seems unlikely for today considering low volume. A break above 80.45, could change current bearish bias. 

Support levels: 80.00 79.70 79.55

Resistance levels: 80.45 80.70 81.05

USD/CHF Current price: 0.8419

View Live Chart for the USD/CHF (Select the currency)


USD/CHF is trading sharply lower on Monday, retreating further from last week highs at 0.8550. Hourly and 4-hours indicators are clearly bearish. Pair needs to rise back above 0.8510 to change current bias. A decline toward 0.8400 seems possible but the area around 0.8375 should offer support, if the pair breaks under, it should trigger a bigger decline targeting initially 0.8320 and below 0.8290.

Support levels: 0.8400 0.8375 0.8320

Resistance levels: 0.8455 0.8510 0.8540

New to forex? Visit our Glossary!