EUR/USD Daily
Recovery from the 1.0711/16 lows to regain the 1.0800 level fades downside pressure and triggers stronger push towards the 1.0853 resistance. Beyond this will see scope to retest the 1.0900 level and 1.0946 high. Support now at 1.0773 then the 1.0711 low. [PL]
USD/CHF Daily
Settling back in consolidation from the 1.0125 high which stands just below the Mar 2015 highs at 1.0129. Break here will clear the way for return above the 1.0200 level and expose the 1.0240 and 1.0328 highs to retest. Would take setback below the .9991 support to fade upside pressure and swing focus lower. [P.L]
USD/JPY Daily
Failure to hold the 118.00 level keep bears firmly in control to reach fresh low at 117.67 and see risk for further decline to the 117.00 level. Beyond this will return focus to the 116.18 then 115.86, Aug/Jan 2015 lows. Resistance now at 118.25 and 118.70. [PL]
EUR/CHF Daily
Bounce from the 1.0827 low seen sustaining the upside bias from the Dec low and see scope to retest the 1.0900 level. Clearance will expose the 1.0940 high to retest. Would take setback to break the 1.0800 level to weaken and expose higher lows at 1.0778 and 1.0756 to retest. [P.L]
GBP/USD Daily
View unchanged from this morning with daily technical tools intruding into oversold territories and would expect the strong support at 1.4566 to check further weakness and trigger a long overdued rebound. Cautious short at current depth. [W.T]
EUR/GBP Daily
Bounce from .7313 low yesterday seen sustaining the bullish structure from the .6983, Nov low. Pressure now return to the upside for retest of the .7400/24 area where a sustained break will shift focus to the .7483/93, May/Oct highs. Above these will confirm a 10-mth base pattern and trigger stronger recovery. [PL]
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