EUR

The Euro versus Dollar pair continued to the decline gradually towards the support level which has shifted to 1.3980 where we still hold our outlook to the upside rebounding from that level to reach 1.4470. This short term and medium term trends remain to the upside as far as 1.3335 is intact.

The trading range for today is among the key support at 1.3625 and the key resistance at 1.4470

The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120

GBP

The Cable continued pressure the minor support to the downside as it breached it yes stopped at the first correction at 1.6425. Our outlook remains to the upside towards 1.6875 as far as 1.6425 is intact.

The trading range for today is among the key support at 1.6120 and the key resistance at 1.6870

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.6830

JPY

The USD/JPY pair traded near the key resistance of the triangle in an attempt to incline on the intraday basis. The downside trend remains as long as trading is below 98.20 with the next four hour closing with targets at 95.50

The trading range for today is among the key support at 94.50 and the key resistance at 100.70

The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60

CHF

The Dollar versus Swissy pair is retesting the level at 1.0760 where we expect the pair is to decline from this level to target 1.0440 as technical targets for the bearish pattern as far as 1.0855 remains intact.

The trading range for today is among the key support at 1.0440 and the key resistance at 1.0980

The general trend is to the upside as far as 1.0570 remains intact with targets at 1.2245

CAD

The Dollar versus Loonie pair breached the key support at 1.1085 and the minor resistance at 1.1160 opening the way towards 1.1305 – 1.1335 as technical targets for the bullish technical pattern with a neckline at 1.1160. We must now wait to monitor the price action as it nears critical resistance levels which may take the pair back to 1.1170. Today's close will be important to determine the upcoming trend.

The trading range for today is among the key support at 1.0785 and the key resistance at 1.1395

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300