EUR/USD
Current level – 1.1769
The euro continues to lose its value against the dollar and this trend was observed during yesterday’s trading session as well. The forecast is for the euro to continue to weaken against the greenback and for the pair to focus on a test of the important support at 1.1748. In case an upward movement is to develop, the first important resistance is expected to be the level of 1.1834. Today, investors will focus on the U.S. consumer confidence data (15:00 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1835 | 1.1967 | 1.1750 | 1.1709 |
| 1.1905 | 1.2100 | 1.1750 | 1.1600 |
USD/JPY
Current level – 109.95
The currency pair continues its upward movement, but the forecasts are for an upcoming correction. A critical level that will determine the pair’s direction is the key resistance at 110.20. If it is breached, we can expect the upward movement to continue. If the resistance lasts, we will witness a correction or even a reversal of the trend. The first important support can be found at 109.20.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 110.00 | 110.80 | 109.20 | 106.92 |
| 110.20 | 111.70 | 108.32 | 105.83 |
GBP/USD
Current level – 1.3776
The pound failed to breach the key resistance at 1.3856 during yesterday’s trading session and this signalled the end of the correction. Although today’s trading session started with an appreciation of the pound against the dollar, the forecasts are for it to be short-term and for the downward movement to then resume. The first important support is the level of 1.3671.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.3797 | 1.3990 | 1.3670 | 1.3530 |
| 1.3856 | 1.4094 | 1.3580 | 1.3350 |
