The EURUSD Continues Falling
Due to a fall of the pound in pair with the single currency the EURUSD persistently traded above the support around 1.2920 yesterday. Nevertheless, at the end of the day it was broken, and the euro fell to the 1.2881 support area, which “bears” were trying to break then. In case of its break, a fall 1.28201.2800 where “bulls” can become active should be expected to. Oversold of the EURUSD is only increasing, along with it the risks of an upward correction are increasing.
The GBPUSD Continues To Be Sold
An inglorious hike of the GBPUSD continues in a southward direction. Yesterday, the British currency carried out an unsuccessful attempt to recover, as while growing to 1.6186 the pound collided with offers of “bears” under pressure of which it was forced to return to the support at 1.6103. In the Asian session, it has been broken, and now “bears” are testing the level of 1.6064. The nearest probable target looks the psychological level of 1.6000, where “bulls” can become active. Nevertheless, bounces up should be seen as an opportunity to open short positions at the best quote at this stage.
The USDCHF Tests 0.9379
The U.S.dollar continues to be bought out also in pair with the Swiss franc. Yesterday, it retreated from the support around 0.9312 and rose to 0.9379. The nearest probable target looks the 94th figure, the next one is 0.8455. The dollar shows signs of overbought, which increases the risks of a downward correction. Nevertheless, while it is trading above 0.92200.9200, an upward trend will continue to be in force.
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The USDJPY Breaks Highs
Yesterday, new horizons were opened for the USDJPY, as the pair, despite its oversold, had managed to break recent some years higs at 105.45. Theoretically, this should mean acceleration of an ascending impulse and growth of the dollar towards the psycological level of 110.00. The nearest “bulls`” target looks the resistance around the 107th figure. Nevertheless, it should be noted that the dollar is overbought, but not only in pair with the yen, so purchases should be made with the utmost caution.
