EURUSD Euro/dollar had fell down to 1.1319.
Yesterday was quite calm, that, but that did not prevent the euro/dollar from falling again. The pair broke through the support at 1.1380, which is a minimum of Friday, and decreased down to 1.1319. Kickbacks are limited with the resistance at 1.1366. In the short term is possible a test of support in the 1.1300-1.1270. Break through of the latter level will open the way towards 1.1100. For further correction the euro needs to overcome the resistance in the area of 1.1443.
GBPUSD Pound/dollar risks to continue to decline.
Yesterday, the pound/dollar was unable to continue the development of upward correction. Once it got pressurized, the pair broke through support at 1.5377 and decreased down to 1.5339. A broken through support is now providing a pair of resistance. If the pound won’t be able to return and consolidate above, it is possible the decrease in the direction of the 53rd figure. The growth above the 1.5377-1.5400 will allow to the bulls to test 1.5339 resistance. Today will be published data on consumer inflation in the UK, which may affect the dynamics of the pair.
USDCHF Dollar/franc remains near 0.9300.
In the overall picture, for the dollar/franc are still no changes. All day yesterday, the pair was oscillating within sight of 0.9300. Overall, the consolidation phase continues. At any moment there is possible a breakthrough of the formed range, but in what direction – is difficult to predict, due to the current dependence of the pair on cross of euro/franc.
Free Reports:
USDJPY Dollar/yen remains under pressure.
Due to the the President’s Day in the US, market activity yesterday was low. The dollar/yen had committing sluggish fluctuations within a tight range between the resistance in the area of 118.64 and support at 118.23, where is passes the 100-day sliding average. While the dollar is trading above it, the chances of renewal of growth will remain. Loss of support will lead to its decline down to 117.17-116.90.
