EUR/USD
Current level – 1.1453
In the early hours of today’s trading, the pair tested again the high of yesterday’s session, but failed to break the resistance at 1.1466. The expectations are for a downward movement and a rise in the value of the dollar. Today, there is no important economic news about the dollar or the euro, as the leaders of the European Union reached an agreement on the 750 billion rescue plan. The first important support is at 1.1400.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1466 | 1.1500 | 1.1400 | 1.1330 |
| 1.1466 | 1.1560 | 1.1370 | 1.1240 |
USD/JPY
Current level – 107.18
The pair continues to trade in a rather narrow range of one figure (106.50-107.50). Today’s sentiment is rather negative, but it should be borne in mind that a test of the key resistance at 107.50 is quite possible and, if the upper limit of the range is broken, the direction will be maintained, as is often the case. The first important support is the lower border of the mentioned range at 106.50.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.46 | 108.15 | 107.16 | 106.50 |
| 107.70 | 109.35 | 106.80 | 106.00 |
GBP/USD
Current level – 1.2671
The pound rose against the dollar in the last few trading sessions, a trend that continued in the early hours of today’s session and the pair reached levels of 1.2680, where there is significant resistance. A second test of this resistance is also possible and if, it is broken, the pair will continue its upward movement. However, if the pair continues to trade below 1.2680, expectations are for a test of the first important support at 1.2601.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2680 | 1.2730 | 1.2600 | 1.2310 |
| 1.2680 | 1.2800 | 1.2525 | 1.2260 |
