Euro

The EUR/USD pair continues its incline nearing the first level at 1.4190, which requires breaching it to ensure the end of the previous downside intraday wave that rebounded to the upside after forming a bullish harmonic pattern. We expect for today an incline on an intraday basis targeting 1.4310, as it is vital that 1.4190 be breached and keep trades above 1.4000.

The trading range for today is among the key support at 1.3800 and the key resistance at 1.4475.

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

 

Great British Pound (GBP)

After fluctuating around the mentioned minor resistance level, the cable was able to breach this level (currently at 1.6520), which opens the way to achieve an incline on an intraday basis that was expected yesterday, targeting 1.6740 levels. The stochastic is showing overbought signs that might cause mixed fluctuations around 1.6520 to gain momentum to support the expected incline. The short term remains to the upside while 1.6325 remains intact.

The trading range for today is among the key support at 1.6155 and the key resistance at 1.6740.

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100.

Japanese Yen (JPY)

After reaching yesterday’s neckline at 95.30, the USD/JPY pair achieved an incline to retest the mentioned level in an attempt to achieve a pivotal support for the expectations of achieving an incline on an intraday basis towards the awaited main target at 96.55. Chances of achieving an incline will prevail if 94.45 remains intact.

The trading range for today is among the key support at 91.80 and the key resistance at 98.80.

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

 

Swiss Franc (CHF)

The USD/CHF pair continues its high trades near reversal levels possibly for the bearish harmonic pattern. It appears that the minor support level is at 1.0835, representing a possible neckline for a small bearish technical pattern that supports our previous predictions that the pair will move to the downside on an intraday basis targeting the key support at 1.0695. The mentioned downside movement expectation does not fail, unless the pair achieves a four-hour close above 1.0925.

The trading range for today is among the key support at 1.0365 and the key resistance at 1.1075.

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

 

Canadian Dollar (CAD)

The USD/CAD pair was able to breach the minor bullish channel to the downside, which was expected yesterday, opeing the way to achieve a downside move on an intraday basis that supports the bearish short term direction. The primary targets are around 1.0660, while then witnessing more downside movement towards key targets at 1.0300. Notice: it is vital that 1.0935 remains intact for chances of the  bearish direction to continue.

The trading range for today is among the key support at 1.0425 and the key resistance at 1.1170.

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