EUR/USD
During yesterday’s trading session, the U.S. blue-chip index breached the support level of 36237 and the forecast is for the index to test the important support at 35899. A possible breach of this level would deepen the correction, pushing the index towards a test of the support zone of 35445. In case the support at 35899 manages to withhold the bearish pressure, then we may witness a further move towards 36532. Today, increased activity can be expected around the release of the U.S. retail sales data (13:30 GMT).
USD/JPY
During yesterday’s trading session the currency pair breached the support level of 114.28 and, at the time of writing, is headed towards a test at the next support at 113.75. A successful test at this level would deepen the decline, taking the pair towards the support zone at 113.30. In case the support level of 113.75 manages to withold the bearish pressure, then the most likely scenario would be for the pait to enter a consolidation phase in the range between 113.75 and 115.00.
GBP/USD
The uptrend of the sterling continues as the Cable breached the psychological level of 1.3700 and, at the time of writing, is consolidating just above this level. The forecast is for the pair to continue its uptrend towards the resistance level of 1.3760, once the consolidation phase is completed. In the negative direction, the first support lies at 1.3596.
EUGERMANY40
During yesterday’s trading session, the German index breached the support level of 15962 and the forecast is for the index to test the important support at 15835. In case the correction ends and the bulls take over the market, then it is possible that we could witness a test of the resistance level of 16080. In case the support at 15835 is violated and the sell-off deepens, then the next targets for the bears would be sitting at 15711 and at 15520, respectively.
US30
During yesterday’s trading session, the U.S. blue-chip index breached the support level of 36237 and the forecast is for the index to test the important support at 35899. A possible breach of this level would deepen the correction, pushing the index towards a test of the support zone of 35445. In case the support at 35899 manages to withhold the bearish pressure, then we may witness a further move towards 36532. Today, increased activity can be expected around the release of the U.S. retail sales data (13:30 GMT).
