EUR/USD
Current level – 1.1009
The EUR/USD managed to breach the support level at 1.1017, showing that the bears are still in control. As the longer term downtrend seems to be reasserting itself, a move towards 1.0990 remains the most probable scenario. A successful test of the aforementioned should increase the chances for a test of the lows at around 1.0880. In the upward direction, first hindrance for the buyers should be overcoming the previous support, now resistance at 1.1017, followed by 1.1063 and 1.1089.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1017 | 1.1140 | 1.0990 | 1.0880 |
| 1.1060 | 1.1170 | 1.0950 | 1.0880 |
USD/JPY
Current level – 109.05
Safe-havens such as the Yen continue to lose ground against the greenback as a “phase one” trade deal becomes more probable. Current market sentiment remains positive, but a retracement towards 108.64 is not excluded. If the resistance at 109.19 is violated, the next target for the bulls should be around 109.50. Alternatively, if the retracement gains momentum and USD/JPY falls beyond 108.65, the major support lies at 108.22.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.20 | 109.45 | 108.90 | 107.05 |
| 109.50 | 109.80 | 108.64 | 106.60 |
GBP/USD
Current level – 1.2899
The GBP/USD continues to slowly gain ground against the greenback as price momentum slowed down just above the resistance at 1.2890, turning it into a level of support. If pound bulls manage to hold their ground, a move towards 1.2965 remains likely. On the other hand, if the new support at 1.2890 is violated we might see the currency pair trade near the minor 1.2860 and 1.2820 levels of support.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2920 | 1.2965 | 1.2860 | 1.2780 |
| 1.2960 | 1.3000 | 1.2820 | 1.2670 |
