The EUR/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.13982
Open: 1.13665
% chg. over the last day: -0.26
Day’s range: 1.13526 – 1.13723
52 wk range: 1.1111 – 1.2009

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Yesterday, the USD recovered some of its losses against the other world currencies. This movement was largely caused by technical factors. Investors began to partially fix positions. The EUR/USD currency pair has updated local minima. At the moment, the trading instrument is consolidating in the range of 1.13400-1.13750. We do not exclude further correction of EUR/USD quotes. Fed Chairman Jerome Powell stressed the independence of the Central Bank from US President Donald Trump, who insists on lowering the rates. Currently, more than 75% of financial market participants expect the Fed to reduce the range of key interest rates by 25 basis points to 2.00% -2.25% at a meeting in July. Positions must be opened from key levels.

The Economic News Feed for 26.06.2019:

Durable Goods Reports (EU) – 00:00 (GMT+3:00);

The indicators do not provide precise signals, the price fixed between 50 MA and 100 MA.

The MACD histogram is in the negative zone and keeps lowering which points towards a further correction.

The Stochastic Oscillator is in the oversold zone, the %K line is crossing the %D line. There are no signals at the moment.

Trading recommendations

Support levels: 1.13400, 1.13100, 1.12700
Resistance levels: 1.13750, 1.14100, 1.14500

If the price fixes below 1.13400, expect further correction towards 1.13100-1.12800.

Alternatively, the quotes can grow towards 1.14100-1.14400.

The GBP/USD currency pair

Technical indicators of the currency pair:

Prev Open: 1.27142
Open: 1.26861
% chg. over the last day: -0.39
Day’s range: 1.26655 – 1.26938
52 wk range: 1.2438 – 1.3631

The GBP/USD currency pair has moved to decline after a long rally. GBP set new local minimums. At the moment, the GBP/USD quotes are consolidating near the demand zone of 1.26400-1.26650. 1.27150 acts as a “mirror” resistance. The trading instrument has the potential for further correction. Today we recommend to pay attention to economic releases from the USA. Positions must be opened from key levels.

The Economic News Feed for 26.06.2019 is calm.

The price fixed below 100 MA which points towards the power of the sellers.

The MACD histogram is in the negative zone and keeps lowering which points towards a further correction of GBP/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is crossing the %D line. There are no signals at the moment.

Trading recommendations

Support levels: 1.26650, 1.26400, 1.26000
Resistance levels: 1.27150, 1.27600, 1.27850

If the price fixes below 1.26650, expect further correction towards 1.26300-1.26000.

Alternatively, the quotes can grow towards 1.27400-1.27600.

The USD/CAD currency pair

Technical indicators of the currency pair:

Prev Open: 1.31794
Open: 1.31687
% chg. over the last day: -0.05
Day’s range: 1.31647 – 1.31952
52 wk range: 1.2727 – 1.3664

The USD/CAD remains in a long flat. There is no defined trend. At the moment, the following local levels of support and resistance can be distinguished at 1.31600 and 1.32000, respectively. Technical correction is possible soon. You should pay attention to economic releases from the US, as well as the dynamics of oil prices. Positions must be opened from key levels.

The Economic News Feed for 26.06.2019 is calm.

The indicators do not provide precise signals, the price has crossed 50 MA and 100 MA.

The MACD histogram is close to 0. There are no signals.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line. There are no signals.

Trading recommendations

Support levels: 1.31600, 1.31300, 1.31000
Resistance levels: 1.32000, 1.32250, 1.32500

If the price fixes below 1.31600, expect further descend towards 1.31300-1.31000.

Alternatively, the quotes can correct towards 1.32400-1.32600.

The USD/JPY currency pair

Technical indicators of the currency pair:

Prev Open: 107.289
Open: 107.170
% chg. over the last day: -0.07
Day’s range: 107.098 – 107.502
52 wk range: 104.97 – 114.56

USD/JPY currency pair retreated from monthly lows. At the moment, the technical picture is ambiguous. The quotes are consolidating near the local resistance of 107.500. Mark 107.100 is a key support. The trading tool has the potential for further recovery. We recommend to pay attention to the dynamics of US government bonds. Positions must be opened from key levels.

The Economic News Feed for 26.06.2019 is calm.

The price fixed below 50 MA and 200 MA which points to the power of the sellers.

The MACD histogram is in the negative zone and below the signal line which gives a strong signal to sell USD/JPY.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line which points to the bullish mood.

Trading recommendations

Support levels: 106.800, 106.500
Resistance levels: 107.100, 107.400, 107.700

If the price fixes below 106.800, expect further descend towards 106.500-106.300.

Alternatively, the quotes can grow towards 107.400-107.600.

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