EUR

Thin trading was evident for the Euro versus Dollar pair since the morning with only one attempt to breach the key resistance at 1.4000. Trading is near the key support at 1.3970 where we hold our outlook to the upside targeting 1.4230 as far s 1.3900 is intact.

The trading range for today is among the key support at 1.3655 and the key resistance at 1.4400

The general trend is to the downside as far a s1.4710 remains intact with targets at 1.2120

GBP

The cable was the only pair that traded within normal ranges today as it declined from the 1.6430 resistance level. The pair is still trading within narrow ranges in a bullish technical pattern with a key support at 1.6265 where we wait for the breach of the minor resistance at 1.6345 to incline on the intraday basis as far as 1.6265 remains intact.

The trading range for today is among the key support at 1.5900 and the key resistance at 1.6815

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

JPY

The USD/JPY pair traded within narrow ranges since the morning where we still hold our outlook to the downside to breach the support at 95.70 targeting 94.85 – 94.40 before heading towards 93.00 as far as 97.65 remains intact. There still is a slight possibility for an upside correction to 96.40 before reversing to the downside.

The trading range for today is among the key support at 93.00 and the key resistance at 98.85

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 rebounded from the 38.2% correction at 1.0830 to the upside towards the critical resistance at 1.0809. The stochastic indicator is still providing us with bearish signals that may pressure the pair to the downside, yet note that breaching 1.0890 to the upside will activate our morning bullish scenario.

The trading range for today is among the key support at 1.0570 and the key resistance at 1.1165

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 is gradually declining since the morning as we expected to reach the pivot support on the intraday basis at 1.1555 where a breach of which will take the pair further to the downside towards 1.1335. The stochastic indicator is supporting our outlook where the 1.1740 must remain intact for the pair to decline.

The trading range for today is among the key support at 1.1280 and the key resistance at 1.1815

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