EUR/USD Current price: 1.3914
Still in consolidation range, with dollar slightly weaker (supported by rising stocks and oil that reach $72.00 a barrel), hourly indicators remain to flat to tell after this long consolidation stage. General trend remains bearish for the pair, with a daily descendant trend line now around 1.3980 holding the upside.
Support levels: 1.3880 1.3845 1.3805
Resistance levels: 1.3930 1.3955 1.3985
GBP/USD Current price: 1.6449
Break above the descendant channel with nice volume trigger an upside rally halted just under 1.6500 zone. Hourly indicators seem a bit exhausted to the upside suggesting some short downside correction before any further raise. Break above today’s high will confirm a continuation, as bigger time frames also turned to the upside.
Support levels: 1.6410 1.6380 1.6320
Resistance levels: 1.6480 1.6520 1.6560
USD/JPY Current Price 96.83
Japanese yen remains also under selling pressure due to stocks positive tone, and 20 SMA with some bullish slope seems to be enough to hold the downside for now, around 96.60. CCI rebounded in the 0.00 line while momentum remains flat. Pair needs to break above 97.30 zone to confirm a new upside leg in the next hours.
Support levels: 96.45 96.10 95.80
Resistance levels: 97.05 97.30 97.70
USD/CHF Current Price: 1.0852
Also range bound, no clear readings in the hourly due to range. Price under 200 EMA with a descendant slope around key 1.0960 level, should hold any attempt to rise further today if dollar manages to rise. Under 1.0790 pair will turn to the downside for the next hours.
Support levels: 1.0850 1.0810 1.0770
Resistance levels: 1.0880 1.0910 1.0960
NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.
