Euro

The Euro versus Dollar pair continued to incline since the morning as the last four hour candle closed above 1.4220 providing the pair with enough support on the intraday to incline targeting 1.4365. However we may witness a slight downside correction to gather bullish momentum from 1.4180 where it is important for the 1.3980 level to remain intact for the incline to continue.

The trading range for today is among the key support at 1.3580 and the key resistance at 1.4385

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

Support1.41801.41451.40801.40301.3980
Resistance1.43001.43851.44401.44901.4540
RecommendationAccording to our analysis, buy the pair above 1.4180 with targets at 1.4385 and stop loss with four hour closing below 1.4080

Great British Pound (GBP)

The Cable also continued inclining in the morning after confirming the breakout of the minor resistance level. Trading is now near the key resistance for the ascending channel at 1.6485 where we may witness a slight downside correction to 1.6340 before rebounding back to the upside to reach our suggested target as far as 1.6240 remains intact.

The trading range for today is among the key support at 1.6025 and the key resistance at 1.6640

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.6600

Support1.63401.62801.62401.62051.6180
Resistance1.64651.64851.65101.65701.6640
RecommendationAccording to our analysis, buy the pair above 1.6340 with targets at 1.6485 and stop loss with four hour closing below 1.6240

Japanese Yen (JPY)

After retesting the 95.20 level, the USD/JPY pair declined to reach our initial target at 94.10. We still hold our outlook to the downside targeting 92.40 as far as 97.40 is intact.

The trading range for today is among the key support at 91.90 and the key resistance at 99.40

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

Support94.5594.1093.5092.9592.40
Resistance95.2096.0096.5097.4097.60
RecommendationOur morning recommendation remains valid

Swiss Franc (CHF)

The Dollar versus Swissy pair touched the key resistance at 1.0690 before reversing back to the downside to target 1.0570. This decline remains as far as 1.0745 is intact.

The trading range for today is among the key support at 1.0450 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

Support1.06101.05701.05301.04701.0450
Resistance1.06901.07451.08001.08601.0915
RecommendationOur morning recommendation remains valid

Canadian Dollar (CAD)

Trading for the pair remains near the broken key support has resulted in a decline towards 1.0825 and 1.0785. We expect a slight upside correction to 1.0890 before reversing back to the downside targeting 1.0660 as far as 1.0940 remains intact.

The trading range for today is among the key support at 1.0660 and the key resistance at 1.1335

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

Support1.07601.07151.06601.06151.0565
Resistance1.08901.09401.10301.10501.1095
RecommendationAccording to our analysis, sell the pair below 1.0890 with targets at 1.0760 and stop loss with four hour closing above 1.0940