EUR/USD
Although no key resistance was overcome during the last trading session, the bulls managed to score some gains. The bulls’ fight to the top will first have to overcome the key resistances at 1.060 and at 1.064. If the bears manage to “show their teeth” instead and reverse the market movement, then they will have to deal with the support at 1.0467 first. Today, traders will focus their attention on the news on durable goods orders (11:30 GMT) and the data on planned sales of ready-made homes (14:00 GMT).
USD/JPY
The Ninja’s trading session begins with the bears testing the support at 134.66. If they manage to overcome it, then the next key support for them would be 133.28. If the yen continues to lose ground against the U.S. dollar, then the bulls will have to deal with the resistances at 135.46 and at 136.68. This week, no macroeconomic news from Japan are expected to have a strong effect on the market.
GBP/USD
During the last trading session, the Sterling continued to consolidate between the range of 1.2183 and 1.2321. If the bears manage to breach the lower limit of the range, then the next support in front of them would be that at 1.2091. If the bulls manage to gain momentum instead and overcome the upper limit of the range, then they could meet resistance at 1.2404.
EUGERMANY40
The early hours of today’s trading session were marked by the bulls testing the resistance at 13224. While initially they failed to do so, if the next test attempt is successful, then traders will have to deal with the resistance prior to the level of 13439. On the other hand, if the bears regain their positions, then the key support in front of them would be located at 12986.
US30
It looks like the bulls’ most resounding success during today’s trading session can be observed with the American blue-chip index. As soon as the opening bell rang, investors with positive attitudes headed towards the resistance at 31715. If they keep the momentum going and overcome the above-mentioned resistance, then they will have to face the next one at 32555. However, if the bears manage to overshadow the bulls’ ambitions, then they will have to breach the support at 30930.
