EUR/USD Current price: 1.5070
Due to Thanksgiving holiday majors are expected to remain in tiny trading ranges during next hours. EUR/USD has corrected from 1.5145 low, to halt at the 1.5060 area, previous year high, now first support to consider. With hourly indicators a bit exhausted to the downside, seems unlikely to see a break and acceleration lower. 20 SMA around 1.5100 will act as first resistance level to consider, ahead of yesterday’s high around 1.5150.
Support levels: 1.5060 1.5020 1.4970
Resistance levels: 1.5100 1.5150 1.5185
GBP/USD Current price: 1.6543
Tending lower, Pound remains under selling pressure, holding above the 1.6520 support zone, with the upside capped by 1.6570. Indicators turned flat in the hourly, suggesting the upside will remain limited for previous mentioned level, while break under 1.6510/20 could trigger further falls to the 1.6460/80 area.
Support levels: 1.6520 1.6470 1.6440
Resistance levels: 1.6570 1.6620 1.6660
USD/JPY Current price: 86.60
Consolidating close to 14 years low, pair has fell o the 86.20 area as expected in previous update, after breaking 87.10 support area, now strong upside resistance to consider. Despite rally seems over extended both in 1 and 4 hours charts, pair has no signs of reverting current bearish bias, and points for further falls after a limited upside corrective movement. Under 86.20, expect the pair to trigger another strong run lower, likely during next Asian session.
Support levels: 86.20 85.80 85.45
Resistance levels: 87.10 87.40 87.80
USD/CHF Current price: 1.0025
After another run lower to the 0.9920 mentioned area, a “non official” intervention push pair back above parity, as SNB has reaffirmed several times they won’t tolerate more appreciations in their currency. Hourly indicators turned flat after the run mostly due to current low volume. Expect the pair to remain capped by the 1.0070 resistance zone.
Support levels: 1.000 0.9960 0.9920
Resistance levels: 1.0030 1.0070 1.0100
