EUR/USD
Current level – 1.0824
1.0775 is proving to be an important level of support after the pair once again failed to break it, leading to a move to the upside. Current expectations are for a continuation of the move and further appreciation of the euro against the dollar. The first resistance is 1.830, followed by 1.0886, with the key support being the aforementioned level at 1.0775. This week, investors will be focusing on the data for the Core Consumer Price Index for the Eurozone on Wednesday at 09:00 GMT and the Jobless Claims in the US on Thursday at 12:30 GMT.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0830 | 1.0960 | 1.0770 | 1.0650 |
| 1.0880 | 1.1015 | 1.0730 | 1.0560 |
USD/JPY
Current level – 107.10
The currency pair failed to break the resistance at 107.37 and the forecast is for a subsequent downward movement. First support is 107.06, followed by 106.80. There is a key support at 106.45 and, if the pair manages to break it, a continuation of the downward movement can be expected.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.40 | 108.00 | 107.06 | 106.45 |
| 108.00 | 108.50 | 106.80 | 105.60 |
GBP/USD
Current level – 1.2104
The pound continues to lose value in the last few days, reaching 1.2074 in the early hours of today’s trading session. The forecast is for this trend to continue and for the currency pair to test support at 1.9080. The first important resistance is the level of 1.2188.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2188 | 1.2360 | 1.2040 | 1.1800 |
| 1.2278 | 1.2440 | 1.1980 | 1.1460 |
