EUR/USD
Current level – 1.2166
The currency pair failed to stay above the resistance at 1.2207, ending the upward movement of 1.2100. The euro is projected to continue to lose value in favor of the dollar as, in the first hours of today’s trading session, the pair breached the support at 1.2170. The next important support is found at 1.2106, and the critical resistance is the mentioned level of 1.2207. Today, investors’ attention will be focused on the European Central Bank interest rate decision (11:45 GMT), as well as on the data for the core CPI for the United States (12:30 GMT).
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2207 | 1.2360 | 1.2106 | 1.2065 |
| 1.2244 | 1.2400 | 1.2106 | 1.2000 |
USD/JPY
Current level – 109.53
The dollar recovered against the yen in the last few trading sessions and, although today’s session started with a decline, the forecasts are for the upward trend to continue and for the pair to test the important resistance at 110.18. The first important support is located at 109.06.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 109.74 | 111.00 | 109.06 | 107.50 |
| 110.18 | 112.20 | 108.56 | 106.10 |
GBP/USD
Current level – 1.4111
The currency pair continues to trade in the narrow range between 1.4101 and 1.4209, but the forecasts are for a breach of the lower limit of this range and a subsequent decline. This lower limit at 1.4101 is acting as a critical support. In the upward direction, the first resistance is the level of 1.4177, followed by the upper limit of the range at 1.4209
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.4177 | 1.4240 | 1.4101 | 1.4000 |
| 1.4209 | 1.4400 | 1.4080 | 1.3890 |
