Current level – 1.1093
Yesterday the euro managed to score some gains and today the expectations remain positive as markets prepare for the FOMC (Federal Open Market Committee) meeting minutes at 19:00 UK time. Should the price breaches the immediate resistance at 1.1196 the pair could head towards the 1.1160 zone. Key support remains the 1.1076 level.
Current level – 106.32
Here the situation remains almost unchanged after a prolonged range trading with the bulls slightly regaining control, since the price managed to hold above the minor support at 106.25. After a few attempts for a breach at 106.76, the possibility for a breakthrough remains high.
Current level – 1.2164
We can see a change in sentiment towards the Sterling as the bullish impulses have gotten stronger. The expectations are for a breach of the upper border of the range at 1.2183. Before that, it’s possible to see a final test at 1.2139.