Big move higher yesterday after the Central Banks announced that they would step in and add liquidity. Euro however could not take out the 1.4770 resistance area, which is pivotal for a run towards the 1.50 level. While below 1.4770 it could drift lower to test 1.4610 rising support near term.


Res 31.4908

Res 21.4880

Res 11.4770

Sup 11.4610

Sup 21.4520

Sup 31.4404

Key resistance today1.4696

Key support today1.4610

Favoured strategy today:Bullish above 1.4610


Bullish momentum intact above yesterday’s low of 2.0340 and key resistance is 2.0600.


Res 32.0702

Res 22.0600

Res 12.0520

Sup 12.0340

Sup 22.0220

Sup 32.0080

Key resistance today2.0600

Key support today2.0340

Favoured strategy today:Bullish above 2.0340


Have another falling trendline coming in at 1.1440 today which is a pivotal trendline.

As long as the pair doesn’t break through this level decisively lower levels can be expected. To the downside it is rising trend line coming in at 1.1300 level.


Res 31.1622

Res 21.1440

Res 11.1402

Sup 11.1300

Sup 21.1240

Sup 31.1160

Key resistance today1.1440

Key support today1.1300

Favoured strategy today:Bullish above 1.1300



Broke above 112.00 resistance yesterday and tested the next key level, which is 112.50 and so far this level has held up and a dip near term can be expected. Rising support coming in at 110.94 today.


Res 3114.78

Res 2113.23

Res 1112.50

Sup 1110.94

Sup 2109.50

Sup 3108.70

Key resistance today112.00

Key support today110.90

Favoured strategy today:Bullish above 110.90


Tested 165.40 resistance yesterday, but fell back overnight and rising support coming in at 162.50 today.


Res 3165.90

Res 2164.30

Res 1163.70

Sup 1162.50

Sup 2161.30

Sup 3160.46

Key resistance today164.30

Key support today162.50

Favoured strategy today:Bullish above 162.50


Fairly volatile over the last week’s and it has bullish momentum above 0.7164 today and the key resistance remains 2003 high of 0.7254.


Res 30.7300

Res 20.7254

Res 10.7240

Sup 10.7164

Sup 20.7090

Sup 30.7027

Key resistance today0.7254

Key support today0.7164

Favoured strategy today:Bullish above 0.7164



A bit disappointing to see that CAD has not been able to carry on any of the momentum from Friday’s strong unemployment report. Been trading inside the rising trend channel now since 15th of November with overhead resistance at 1.0211 and underlying support at 0.9995 today.


Res 31.0339

Res 21.0215

Res 11.0162

Sup 10.9995

Sup 20.9830

Sup 30.9776

Key resistance today1.0215

Key support today0.9995

Favoured strategy today:Watch 1.0215 key level

Major events today (GMT)

09:00ECB Monthly Report

11:00UK CBI Industrial Trends (Dec)

13:30US PPI (Nov)

13:30US Advance Retail Sales (Nov)

14:00BoE’s Tucker speaks

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