Current level – 1.2136
The euro rose against the dollar during Friday’s trading session, but today’s session began with a minor sell-off. However, the upward movement is expected to continue after the pair tested, but ultimately failed to breach the support at 1.2129. The first important resistance is the level of 1.2172. This week, investors will focus on the gross domestic product data for the euro area (Tuesday; 10:00 GMT), as well as on the Philadelphia Fed survey data for the United States (Thursday; 13:30 GMT).
Current level – 109.27
The currency pair is found in a corrective phase after initially rising to 109.77, but then failing to stay above the level of significant resistance at 109.68. The expectations are for the upward movement to continue, with the most probable scenario being a successful test of the mentioned resistance. If this proves to be the case, the next target will be the local high at 110.95. In the downward direction, the first important support is the level of 108.94.
Current level – 1.4088
After a short initial correction, the pound is currently gaining momentum against the dollar yet again as the Cable ended Friday’s session in the green. The expectations are for the upward movement to continue towards a test of the important resistance at 1.4146. In case this level is breached, the currency pair will also most likely aim for the local high at 1.4240. The first important support is the level of 1.4003.