EUR/USD
Current level – 1.1416
Аfter breaking another resistance at 1.1239 on Friday, the EUR/USD managed to reach 1.1494 – the highest level in 14 months. The euro is expected to continue its upturn and test the key resistance at 1.1540. The first important support is 1.1239. This week, the most important data that traders will expect are the main US consumer price index on Wednesday (14:30 EET), as well as the European Central Bank interest rate decision on Thursday (14:45 EET).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1540 | 1.2070 | 1.1240 | 1.1000 |
| 1.1800 | 1.2220 | 1.1110 | 1.0860 |
USD/JPY
Current level – 102.55
The dollar collapsed against the yen in the first hours of today’s session, with the pair easily breaking the key support at 104.50 due to the massive crash in oil prices and the spread of the coronavirus. Expectations are for the downward movement to continue and for the pair to test the next support at 101.20 and, if it is broken, to target the next one at 100.10. The first major resistance is the previous support at 104.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 106.80 | 110.00 | 100.20 | 94.00 |
| 107.50 | 110.50 | 99.20 | 92.75 |
GBP/USD
Current level – 1.3073
The Cable successfully overcame the resistance at 1.3061 at the opening of the trading session, but then consolidated and stabilised close to the resistance in question, which now plays the role of a support. The forecast is for the pair to continue the correction and, if it breaks at 1.3060, it should move to the next support at 1.3015. In an upward direction, the first major resistance is 1.32.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3100 | 1.3200 | 1.2900 | 1.2750 |
| 1.3200 | 1.3520 | 1.2860 | 1.2530 |
