EUR / USD
The pair continues to consolidate its low levels, currently trading at 1.3528 in low volatility in the European morning. We expect a bid tone to emerge today, leading to prices near 1.3600.
GBP / USD
Cable shows the same low volatility pattern as the EUR / USD in the European morning market, standing right now at 1.4991. We do not see much downside risk today, with the possibility of entering long trades with the maximum objective at 1.5060.
USD / CHF
The dollar is still in an intact 3-day uptrend against the Swiss franc, and is priced now at 1.0614 in the European morning session. Above 1.0620, we expect selling, bringing the market down to 1.0560.
USD / JPY
All of Asian trading was dominated by testing the 90.50/70 resistance zone of the dollar against the yen which is still holding in the European morning, with the market currently at 90.55. We expect the 90.70 mark to be the upside limit for today, from where we see downside risk towards 90.30.
