EURUSD Euro/dollar remains under the pressure.
Since the beginning of the new trading week, the euro/dollar again came under pressure and fell down to 1.1295 support area. An attempt to restore was limited by resistance in the area of 1.1360. Overall, the situation remains unchanged: a pair hs already a month consolidated in the range, without being able to determine the direction. The most likely seems the decrease in the direction of minimum at 1.1097. Breakthrough of 1.1500-1.1533 will confirm the formation of the “bottom” and the development of a larger correction.
GBPUSD Pound/dollar remains positive.
The fall of the pound/dollar below 1.5377 was temporary. From the level of 1.5332 a pair was bought out, so its went back and climbed up above the resistance around 1.5475. Rollbacks are now limited by support at the area of 1.5430. Thus, the chances of testing and the breakthrough of the resistance at the 1.5475-1.5500 are remained. Its breakthrough will provide an opportunity for the bulls to test 1.5545. The loss of the 53rd figure will weaken the upward impulse.
USDCHF Dollar/franc returned to the resistance.
Friday’s fall of the dollar/franc down to 0.9370 support area could attract buying interest, against which, the pair has returned to the resistance at the 0.9525 area. Break through to above the dollar still an not make it, so, that allow to us to assume about that some of its consolidation between the above levels. So, continue to keeping an eye on euro/franc.
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USDJPY Dollar/yen continues to be in demand.
Yesterday’s increase in the dollar/yen was limited by the resistance in the area of 119.35, which is still successfully holding back the onslaught from the bulls. However, the rollback to the support in the area of 118.73 was used for adding the long positions, and now, a pair is again approaching to the yesterday’s highs. The breakthrough of this resistance will lead to the testing of the 120th figure, the passage of which, is necessary for the continuation of upward trend. Prognosis remains positive.
