EUR/USD
Current level – 1.0915
After bouncing back from the fresh multi-year lows against the dollar, the EUR is taking a breather and the pair might trade in the 1.0911-1.0930 range for a while before resuming the move down. Dollar strength is expected to persist as demand for the greenback remains high due to an increase in investor interest towards safe-havens and yet another oversubscribed repo operation by the FED.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0995 | 1.1160 | 1.0900 | 1.0900 |
| 1.1075 | 1.1200 | 1.0860 | 1.0850 |
USD/JPY
Current level – 107.69
The test of the resistance level around 107.80 was unsuccessful and the currency pair might head down towards the minor support at 107.51 before testing the aforementioned resistance once more. If successful, dollar bulls should push the pair towards the next resistance at 108.40. A breakthrough of the support at 107.51 should indicate bears are regaining control a renewal of the downtrend.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.25 | 108.80 | 107.34 | 106.40 |
| 108.40 | 109.50 | 107.10 | 105.80 |
GBP/USD
Current level – 1.2326
The currency pair is currently consolidating near the support at 1.2313 as traders await the result from the Brexit negotiations in Brussels. Should the GBP/USD manages to break the 1.2313, a move towards 1.2280 and then on to 1.2200 is likely. A successful move above 1.2380 could trigger a push towards 1.2417, however a move above 1.2500 is needed to confirm bulls are in control.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2380 | 1.2575 | 1.2280 | 1.2100 |
| 1.2417 | 1.2640 | 1.2200 | 1.2000 |
