EUR/USD
Current level – 1.0742
After dropping two and a half figures and reaching levels of 1.0652, today a minor correction started to develop. Expectations are that the retracement will be limited both in volume and duration and that the dollar will again strengthen its positions against the euro. First support is the bottom from yesterday – 1.0652 followed by 1.0570. In an upward direction, the first resistance is 1.0777.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0780 | 1.0955 | 1.0710 | 1.0570 |
| 1.0860 | 1.1005 | 1.0650 | 1.0480 |
USD/JPY
Current level – 110.15
The dollar’s dominance is expected to continue and the pair should test the key resistance at 112.20. If the aforementioned is broken, the USD/JPY will probably move towards the next important resistance at 114.00. In the downward direction, the first major support after 109.94 is at 108.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 111.35 | 113.70 | 109.94 | 107.50 |
| 112.20 | 114.60 | 108.50 | 106.80 |
GBP/USD
Current level – 1.1629
The dollar’s dominance is expected to continue and the pair should test the key resistance at 112.20. If the aforementioned is broken, the USD/JPY will probably move towards the next important resistance at 114.00. In the downward direction, the first major support after 109.94 is at 108.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1700 | 1.2000 | 1.1480 | 1.1300 |
| 1.1800 | 1.2200 | 1.1440 | 1.1200 |
