EUR/USD Current price: 1.2695
View Live Chart for the EUR/USD
Euro is under strong pressure this Friday, after breaking key 1.2730 support, past week low. Technically oversold according to hourly chart, pair is hovering around 1.2700, capped by mentioned level. Above it, corrective movements could extend towards 1.2770 zone, thus the bias remains bearish according both to 1 and 4 hours charts.
Support levels: 1.2680 1.2630 1.2600
Resistance levels: 1.2730 1.2770 1.2810
GBP/USD Current price: 1.5495
View Live Chart for the GBP/USD (Select the currency)
Heading south as dollar extends gains across the board, Pound bearish momentum extends with still room to go: indicators are far from oversold conditions, thus pair needs to accelerate under 1.5460 static support zone (61.8% retracement of last daily bullish rally) to confirm a stronger bearish rally in current US session.
Support levels: 1.5460 1.5420 1.5370
Resistance levels: 1.5520 1.5560 1.5590
USD/JPY Current price: 85.63
View Live Chart for the USD/JPY (select the currency)
Despite risk aversion environment, numerator yen is losing ground against greenback as US stocks opened with a slightly bullish tone. Momentum remains strong in hourly charts, thus acceleration above 85.70 is needed, to confirm a test of the 86.00 area, where the daily descendant trend line coming from June highs around 92.88 will be key: break higher could start triggering stops, accelerating the rally.
Support levels: 85.45 85.10 84.70
Resistance levels: 85.70 86.00 86.40
USD/CHF Current price: 1.0375
View Live Chart for the USD/CHF (select the currency)
Correcting to the upside, Swiss Franc remains to be the strongest currency across the board despite dollar general gains. Heading north thus limited by a bearish 20 SMA, pair needs to regain at least 1.0410 to end the day to the upside; lose of 1.0350 should signal further downside pressure in the cross today.
Support levels: 1.0350 1.0320 1.0285
Resistance levels: 1.0410 1.0440 1.0480
New to Forex? Visit our Glossary!
In this report, you will find the term Numerator Currency.







