EUR/USD
During the early hours of today’s trading session, the currency pair bounced back from the resistance at 1.1330, therefore the current expectations are for the pair to head towards a test of the support at 1.1300 and, if it is successfully breached, to also head towards the critical support at 1.1280. However, if the support at 1.1300 resists the pressure of the bears, then this may lead to a retracement towards the resistance at 1.1330, followed by the next one at 1.1360. Today, increased activity can be expected around the release of the consumer confidence data for the U.S. (15:00 GMT).
USD/JPY
During yesterday’s trading session, the bears attacked the important support at 113.50, but the test was unsuccessful and, at the time of writing this analysis, the pair is consolidating in the range of 113.50 – 114.21. The forecasts for today’s trading session are for the pair to continue trading in the mentioned range, but only a successful breach of the support at 113.50 would give the bears a chance to re-enter the market and head the pair towards the support at 113.00. On the other hand, if the bulls manage to take control over the market and violate the resistance at 114.20, then the next target would be the resistance at 114.70.
GBP/USD
After the major sell-off, the bears lost momentum around the support at 1.3444. We have so far witnessed a short corrective move and a test of the resistance at 1.3490 and so the expectations are for the downward movement to be restored, but only a breach of the support at 1.3444 would strengthen the negative market sentiments for a depreciation of the sterling against the U.S. dollar towards the support at 1.3388. However, if the mentioned support remains unbreached, then the bulls would probably once again test the resistance at 1.3490.
EUGERMANY40
Yesterday, we witnessed a massive sell-off, but the bears started to take their profits around the level of support at 14840 and the index partially recovered its losses. The recovery may be considered as a short-lived correction and the bears would probably try to regain control and head the price towards a test of the psychological level of 15000. In the opposite direction, the first significant resistance lies at 15620.
USD30
After yesterday’s panic sell-off, the drop was limited to the support at 33418 and the index managed to recover some of its losses. However, during the early hours of today`s trading, the bulls couldn’t overcome the resistance zone at 34541 and a new decline seems to be taking place. The expectations are for the bears to re-enter the market and, if they manage to overcome the support at 34000, then this would strengthen the negative expectations for a decline towards 33418. On the other hand, if the psychological level of 34000 is not breached, then we could expect the bulls to take control and attack the resistance at 34541.
