EUR/USD
Current level – 1.1097
Following the successful breakthrough of the support level at 1.1130, the currency pair continued its downward movement, breaking through 1.1100. We are currently observing consolidation below this level, with the current sentiment being rather neutral. In a positive direction, only with a successful break of the resistance level in 1.1170, we may consider the move down for completed. In the opposite scenario, if the main support at 1.1068 does not hold, the bears could take a serious advantage and a test of the next main support at 1.0980 would become likely. The main driving force for the currency pair this week will be the European Central Bank interest rate decision (Thursday 12:45 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1100 | 1.1170 | 1.1080 | 1.1030 |
| 1.1130 | 1.1200 | 1.1068 | 1.0980 |
USD/JPY
Current level – 110.16
The currency pair managed to stay above the resistance level at 109.70, with sentiment being positive for a test of the next resistance at 110.60. In a downward direction, the first major support is at 109.70
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.20 | 110.65 | 109.70 | 108.80 |
| 110.65 | 111.00 | 109.20 | 107.90 |
GBP/USD
Current level – 1.3002
At the time of writing, the currency pair is preparing for a test of the 1.3000 support level, which, if broken, could push the price towards next support zone at 1.2920. In a positive direction, only a successful break of 1.3120 could help negate negative sentiment.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3125 | 1.3210 | 1.3000 | 1.2915 |
| 1.3210 | 1.3260 | 1.2950 | 1.2790 |
