EUR/USD Daily
Backed off the 1.1043 high which stand just below strong resistance at the 1.1047/68 area. Clearance here will trigger stronger recovery to retrace recent steep drop from the 1.1376 high. The downside see support now at 1.0973 then the 1.0900 level. [PL]
USD/CHF Daily
Rebound from the .9879 low last Fri keep the .9871/53 support out of reach and mkt confined to ranging action within the 1.0000/.9900 area. Need lift above parity level to expose the 1.0038 high to retest and see extend the up-leg from .9661 low. [PL]
USD/JPY Daily
Probes above the 114.00 level see upside still limited ahead of the 114.56 high. Would need to clear the latter to expose the 114.87 high to retest and see scope for stronger recovery to 115.08 then 116.00 level. Support is at the 113.00 level ahead of the 112.16 low of last week. [PL]
EUR/CHF Daily
Rally to regain the 1.0900 level see pressure returning to strong resistance at the 1.0940/50 area. Clearance here will see scope for further recovery to target the 1.1000 level. Downside see support now at the 1.0900/880 area and 1.0851 protecting the 1.0810 low. [PL]
GBP/USD Daily
Sustaining the corrective bounce from 1.3836 low with focus now on the daily down trendline at 1.4336 and should keep intraday trade on a firm undertone. Only setback below 1.4108 support to help bears reverse current recovery. [W.T]
EUR/GBP Daily
Higher in consolidation above the .7691 low of last week to trace out a bear flag and see risk for break lower ahead. Resistance now at .7773 and .7814 and lower high sought to further pressure the .7696/61 lows later. Below the latter will trigger a top pattern and see deeper setback to retrace strong up-leg from .6983, Nov low. [PL]
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