EUR/USD
Current level – 1.0865
After last-week’s unsuccessful test of 1.0780 the short-term picture improved as bulls are struggling to regain control. At the time of writing, the currency pair is preparing for yet another test of the resistance at 1.0870. A successful breakthrough would lead to a rise in the euro, followed by a test of the next resistance zone at 1.0905. Better than expected data about the Consumer Confidence in the US could help the greenback regain some of the lost ground.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.0870 | 1.0940 | 1.0815 | 1.0700 |
| 1.0906 | 1.0970 | 1.0780 | 1.0670 |
USD/JPY
Current level – 110.79
The dollar continues to lose ground against the yen as the successful breakthrough of support in 111.09 intensified the sell-off. At the time of writing, the sentiment is rather negative for a test and breakthrough of the first major support in downward direction at 110.00, with retracements being limited to 111.10.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 111.00 | 112.15 | 110.00 | 108.80 |
| 111.60 | 113.70 | 109.60 | 108.30 |
GBP/USD
Current level – 1.2935
The currency pair is facing another test of the resistance at 1.2941, with expectations being positive – for an appreciation of the pound against the dollar. A successful breakthrough could lead to an attempt at the next major resistance around 1.3060. In the negative direction, the main support zone is at 1.2870.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2975 | 1.3150 | 1.2940 | 1.2870 |
| 1.3060 | 1.3200 | 1.2870 | 1.2770 |
