EUR

The Euro versus Dollar pair attempted to breach the key support at 1.3950 yet closed above the level which lets us hold our outlook to the upside on the intraday basis targeting the breach of the pivot resistance at 1.3990 to reach 1.4100 as an initial target today. The 1.3950 level must remain intact for the incline to occur.

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 as 1.4710 remains intact with targets at 1.2120

GBP

A new attempt by the Cable to decline yet faced the 61.8% correction at 1.6160 showing how important the level is. We still hold our outlook to the upside attempting to breach the pivot resistance at 1.6290 to target 1.6385 as far as trading remains above 1.6200.

The trading range for today is among the key support at 1.5860 and the key resistance at 1.6520

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

JPY

The USD/JPY pair continues to trade within narrow ranges in a symmetrical triangle showing the possibility of a breakout of the support level for this pattern where we hold our outlook to the downside targeting 94.40 and 93.00 as far as 97.55 remains intact.

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

Continuous attempts by the Dollar versus Swissy to pressure the support level at 1.0835 (50% correction as seen in the above image) may alter the short term trend to the downside towards the key support for the ascending channel at 1.0770, yet the bullish signals seen on the stochastic indicator may trigger the uptrend once again. Our outlook remains to the upside as far as 1.0835 – 1.0810 remains intact.

The trading range for today is among the key support at 1.0570 and the key resistance at 1.1135

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 declined towards the pivot support 1.1580 – neckline for the bearish technical pattern -  and therefore we still hold our outlook to the downside targeting 1.1370 after confirming the breach of the support level. This decline remains as far as 1.1790 is intact.

The trading range for today is among the key support at 1.1335 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