EURUSD Euro / dollar consolidates after the fall.
Euro/dollar started the week lower than Friday’s close levels, but there was no continuation of falling. Instead, there was a modest recovery, against which, the pair climbed up to 1.1240 of resistance area. However, the interest for sale on the growth is remained, and the pair returned to the support in the area of 1.1176. It is quite possible to consolidate between the above mantioned support and resistance before the release of important data and events this week. Risks of breaking through the support and continuation of reduction remain high.
GBPUSD pound / dollar under pressure.
Once ta pair got under the pressure, pair has broken through the support at 1.5377 and declined to the level of 1.5351. Today the pound came back above the broken level by testing the mark 1.5394. To continue the growth it needs to consolidate above the broken through level, otherwise, it may continue to decline towards the 1.5332-1.5290. It is doubtful that in the short term, before announcement of the decision by the Bank of England on interest rate and publication of data on the US labor market, profiteers will open positions in one direction or another in large volumes, so the next few days there is possible the trade in the range.
USDCHF Dollar/franc has tested 0.9557.
Negative attitude regarding the the Swiss franc remained, against which, the US dollar in tandem with it had managed to break through the resistance around 0.9555 and test the level of 0.9557. So, the volunteers to buy it – were not found, and the pair rolled back to a broken level of 0.9555.. To continue the growth, the dollar needs to consolidate above it. The loss of support in the 0.9555/36 will lead to the reduction to 0.9500-0.9450.
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USDJPY Dollar/yen has failed again to consolidate above 120.00.
Yesterday was quite the expected testing of 120th figure. More, the dollar managed to break through and test the 120.26 mark on what, its achievements were not over yet. Again, getting under pressure, he returned below the 120th figure, by falling to the level of 119.56. Inability to consolidate above of 120.00 is a wake-up call for the bulls, and increases the risk of resumption of a downward correction. However, to rush with the massive sales before the release of data on US labor market is not worth it, it is possible that pair will find a support around 119.56-118.60.
