The EURUSD Rises to 1.3668

The support around 1.3618 still copes with its task. From it the EURUSD pair was able to recover to 1.3654 yesterday, and in the Asian session it rose up to 1.3668. As a reversal is out of the question, the EURUSD encounters interest for sale. One should not exclude recovery up to 1.3700-1.3720 where a possibility to sale should be considered. A rise above will weaken bearish pressure, a breakout of the support will lead to falling to 1.3645.

The GBPUSD Recovers to 1.6868

Yesterday, in low liquidity the GBPUSD slowly recovered yesterday, having reached 1.6852. After testing this level it fluctuated within 1.6842, and in the Asian session it hiked to 1.6868. Growth in the direction of the 69th figure should be seen as a possibility to open short positions at the best price. Confident breakout of this level will return confidence to bulls, loss of the support around 1.6840-1.6820 will strengthen a downward impulse.

The USDCHF Tests 0.8937

Yesterday, the USDCHF retreated from the resistance around 0.8966 to the local support around 0.8937. Demand for dollar still preserves, and it can return and test current highs. Loss of the support will lead to a decline to 0.8922-0.8900 where bulls can be active. Falling below 0.8880 will weaken a bullish impulse, but to confirm the formation of a base the dollar needs at least rise and consolidate above 0.9000.

The USDJPY Freezes Near the 102nd Figure

Yesterday, the market activity was at a very low level, so the USDJPY pair almost froze below the 102nd figure, being unable to continue growing, started last week. The USDJPY bulls are trying to consolidate above a breached descending resistance line, but to continue rising they need to overcome the resistance at 102.00-102.36. Until then, the risks of a renewed decline will be kept.

provided by IAFT