EUR/USD
Current level – 1.1339
The bulls lost some of the momentum gained last week and, at the time of writing the analysis, the pair is trading just below the resistance level of 1.1350. The sentiment is positive, for a break of the mentioned level and a subsequent test of the zone at 1.1400. On the other hand, if the bears manage to take control, we may expect a test of the support level at 1.1285, followed by one at 1.1240. The more important economic news that would affect the movement of the currency pair today is the ZEW data on economic sentiment for the euro area (09:00 GMT), as well as the Core CPI data for the US (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1350 | 1.1500 | 1.1320 | 1.1240 |
| 1.1400 | 1.1600 | 1.1285 | 1.1140 |
USD/JPY
Current level – 107.17
The bulls managed to limit the sales around the support level at 106.80. At the time of writing the analysis, the currency pair has not yet completed the test of the resistance zone at 107.25. If the breakthrough is successful, we may expect an appreciation of the US dollar against the yen and a test of the next more significant resistance at 107.80. In the negative direction, the first support remains at 106.80.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 107.25 | 107.50 | 106.80 | 106.00 |
| 107.46 | 109.35 | 106.40 | 106.00 |
GBP/USD
Current level – 1.2543
The currency pair failed to overcome the resistance level at 1.2665. The bears successfully entered the market and managed to push the price towards a test of the support at 1.2550. If the sentiment remains negative and we witness a successful break of the support in the mentioned level, we can expect a decrease to the zone at 1.2480, followed by a further decline to 1.2400.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2665 | 1.2780 | 1.2550 | 1.2340 |
| 1.2730 | 1.2800 | 1.2400 | 1.2250 |
