EUR USD Euro/dollar is consolidating in a range
In the conditions of low liquidity, yesterday appeared a very moderate demand for the euro together with the US dollar. Thanks to this, pair broke through the local resistance in the area of 1.0880, and rose to the level of 1.0939. Thus, the pair is in a consolidation phase, and the way out from a range of 1.0800-1.1059 will mark direction of further movement.
GBP USD Pound/dollar in a narrow range
The British pound remains under pressure from the US dollar, but in conditions of low activity the pair yesterday traded in a narrow range limited by 1.4929 and 1.4877. Trading below the psychological level of 1.5000, the pound risks continue to decline in the direction of the 46th figure. Growth above the 52nd will give reason to assume the formation of the base.
USD CHF Dollar/franc is trading in different directions
US dollar in tandem with the Swiss franc traded mixed yesterday. At first, it rose to resistance in the 0.8868, and after his testing, came back to the area of the 99th figure. Fundamental factors are still justify the purchase of the dollar. The loss of 98th figure will lead to a reduction in the direction of 0.9700-0.9666.
Free Reports:
USD JPY Dollar/yen is still under pressure
Yesterday, the US dollar remained under pressure from the Japanese yen, but to break below of support in the 120.83 it was unable to. The market activity remains low, which can remain during the upcoming weeks. Bears on the dollar/yen are still need to break through support at 120.34-120.00, until then, the chances of the bulls to resum the growth will remain high.
