EUR/USD
Current level – 1.1092
The pair returned to positive territory after managing to climb and close on a daily basis above the key level of 1.1066. Expectations are for a test and a possible break of the next resistance at 1.1109. First support is 1.1066. In view of the forthcoming decision on the Fed’s base interest rate today, Wednesday (9:00 pm EET), markets are expected to be calm with moderate volatility as investors wait for the decision as well as the press conference which will determine the direction of the markets thereafter.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1110 | 1.1140 | 1.1065 | 1.0990 |
| 1.1110 | 1.1170 | 1.1015 | 1.0880 |
USD/JPY
Current level – 108.72
The pair is in a consolidation phase with negative sentiment, as the yen is expected to rise in value against the dollar and test and break the supports at 108.64 and 108.25. In a positive direction, the resistance is 108.91, followed by 109.19. The key one is 109.70.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.90 | 109.20 | 108.65 | 107.05 |
| 109.20 | 109.60 | 107.85 | 106.60 |
GBP/USD
Current level – 1.3133
After the unsuccessful breakthrough of the important resistance in 1.3170-80, the sentiment is negative and the pound is expected to lose its value and break the key support at 1.3100. Another important support is 1.3007. The main driving force for the pound will be the UK general elections on Thursday this week
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3170 | 1.3255 | 1.3000 | 1.2890 |
| 1.3214 | 1.3320 | 1.2960 | 1.2820 |
