EUR/USD
Current level – 1.1137
The dollar fell sharply as the US-China trade war escalated yet again. EUR/USD managed to break through the key resistance level at 1.1114 and is now headed for a second test of the next resistance at 1.1155. Another breakthrough at this level would confirm the positive outlook and would pave the way up to 1.1221. In the opposite direction, 1.1114 should act as the new support level.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1155 | 1.1250 | 1.1114 | 1.1020 |
| 1.1221 | 1.1300 | 1.1066 | 1.0960 |
USD/JPY
Current level – 105.13
A break below the support level at 106.25 ended the recent range the currency pair was trading in. The dollar should continue to lose ground against the yen if the levels around 105.18 do not hold.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.25 | 107.50 | 105.18 | 104.55 |
| 107.50 | 108.50 | 104.55 | 104.00 |
GBP/USD
Current level – 1.2266
The outlook for the British Pound remains positive for a test of the resistance level at 1.2380. A key support level is 1.2206.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2380 | 1.2450 | 1.2206 | 1.2014 |
| 1.2380 | 1.2520 | 1.2100 | 1.1900 |
