EURUSD Euro/dollar rebounded from a minimum.
EUR/USD is falling to the level of 1.1138, where has some interest in profit, against which the pair recovered to the level of 1.1295, which provides resistance at this stage. Undoubtedly, yesterday’s growth is only corrective, so the risks of falling and the resumption of testing the lows remains. Break through of support around 1.1138 / 14 will open the way to 1.1000, where possible activation of the bulls. Break through of 1.1295 resistance area will lead to an increase in the direction of 1.1400.
GBPUSD pound/dollar has returned above 1.5040.
Despite the weekly close below support around 1.5040, the pound / dollar yesterday showed a positive attitude. The pair managed to get back above 1.5040 and go up to resistance in the 51th figure. As we have repeatedly warned oversold creates risks of upward correction, but about a more large restorationm is kind of early to talk. Bears still can test a minimum at the level of 1.4950, which they need to break through support at 1.5040 and the 1.5000 level. It is possible to consolidate the pair above 1.4950-1.5000 for some time. Breakdown of resistance in the 51st figures lead to an increase of the pair to the 52 th figure.
USDCHF dollar/franc recovers.
Yesterday, the dollar / franc once again tracked the movements in the euro / franc, which showed a positive trend.Thus, a pair of the level 0.8765 has climbed to resistance around 0.9039, which is holding back the pressure of the bulls. Break out of the range, the pair may continue to increase the resistance in the 0.9118 area, where was a bounce on January 15 after the collapse to 0.7212. But, as has been said, to predict movements in the dollar/franc at this stage is quite difficult, because it depends on the movement of movements in the euro/franc.
Free Reports:
USDJPY Dollar/yen is still below 118.86.
The dollar/yen all day yesterday was recovering after falling to support to 117.37. Its recovery was limited by the resistance in the area of 118.66, after testing that, the pair fell to the local support in the area of 117.85. Inability to stand up and to hold on tight above the resistance at 118.86, keeps the bears chances of resuming a downward correction, for which they will have to overcome ongoing support. Break though resistance around 118.86 will lead to growth to 120.00.
