Current level – 1.1089
After last week’s volatility, the EUR/USD seems to be consolidating after a minor retracement of the recent drop. A successful test of 1.1106 can push the price higher towards 1.1155 and even 1.1221, which could be a sign for reversal of the trend. Until then, expectations are that the pair moves back into a bearish phase. A break through the area of 1.1069 would pave the way to 1.1020.
Current level – 106.34
The pair seems to be headed towards a new test of the 106.4780 minor resistance, which, if successful, might bring a more bullish outlook towards 106.765. If the impulse is not strong enough, we might see the USD/JPY head towards 105.7060 and 105.100.
Current level – 1.2144
After the bulls managed to push the GBP/USD over the resistance level at 1.21439, which should now act as a support in case of a move down. However, the downtrend is still intact and a move towards the major support at 1.2097 and 1.2047 is not out of the question. On the upside, a break through 1.2171 could target the next resistance zone around 1.2190.