EUR/USD Daily
Settling back from the 1.1387 high but the downside seen limited with support starting at 1.1274 and 1.1246. Would take break of the latter to trigger stronger pullback to the 1.1200 level and 1.1161 support. Higher low sought for renewed strength later to target the 1.1400 level then 1.1460/95 highs. [PL]
USD/CHF Daily
Limited on break below the .9700 level and bounce from the .9661 low signals a long lower wick and suggest scope for recovery to retrace recent steep drop from 1.0257 high. Would need lift over the .9786 and .9820 resistance to ease downside pressure and see room to .9884 and .9985. [PL]
USD/JPY Daily
Higher in consolidation following bounce from the 110.99 low though the upside still limited with resistance starting at 113.20. Break here is needed to swing focus higher to the 114.21 and 115.50 resistance. Support now at 111.57 then the 110.99 low, failure to hold this will see further weakness to target the 110.00 level. [PL]
EUR/CHF Daily
Steadied at the 1.0950 low to consolidate the drop from 1.1200 high. However, the upside still limited and see lift over 1.1043 high needed to trigger stronger recovery to the 1.1100 level. Break of the 1.0940 support will see room for deeper pullback to the 1.0900 level and 1.0870 support. [PL]
GBP/USD Daily
Intraday trade tight in consolidation , enforced by the neutral stance seen on daily tools and break above 1.4578 resistance will expose gain towards the recent corrective high of 1.4668. On the downside, drop below 1.4352 support will help bears regain downside footing with the 1.4150 support targeted. [W.T]
EUR/GBP Daily
Settling back from the .7900 level and dips see support now at .7756 and .7713. Would take break of the latter to trigger stronger corrective pullback to the .7666/61 area. Higher low sought for renewed strength later, above the .7900 level will see extension to .7927/55 area then the .8000 level. Beyond this see 11-mth base objective at .8050. [PL]
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