Euro

The Euro versus Dollar pair inclined to breach the resistance level at 1.4100 as we expected yet failed to pass 1.4145 till now. We still hold our outlook to the upside on the intraday basis to support the short term trend towards 1.4450 as far as 1.4025 remains intact.

The trading range for today is among the key support at 1.3625 and the key resistance at 1.4450

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

Support1.40251.39551.39101.38501.3800
Resistance1.41001.41801.42651.43401.4395
RecommendationOur morning position remains valid

Great British Pound (GBP)

The Cable breached the resistance level at 1.6330 and was able to target 1.6445 before reversing back to the downside. We still see the pair is to incline on the intraday and short term basis with targets at 1.6685 and 1.6800 as far as 1.5895 remains intact.

The trading range for today is among the key support at 1.5885 and the key resistance at 1.6685

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.6660

Support1.63401.62751.62251.61751.6140
Resistance1.64451.64751.65551.66401.6685
RecommendationAccording to our analysis, buy the pair above 1.6445 with targets at 1.6555 and stop loss with four hour closing below 1.6340

Japanese Yen (JPY)

The USD/JPY pair inclined to breach the resistance level at 97.90 reaching 98.10 before reversing back to the downside. We still hold our outlook to the upside on the intraday and short term trend with targets at 99.40 and 101.50 as far as 97.20 remains intact.

The trading range for today is among the key support at 95.30 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

Support97.2096.5095.9095.3594.75
Resistance97.9098.4098.8599.40100.25
RecommendationOur morning position remains valid

Swiss Franc (CHF)

The Dollar versus Swissy pair declined towards the support level at 1.0745 before rebounding back to the upside due to momentum indicators being oversold where we expect trading to be volatile yet with more tendency to the downside to target 1.0440. The downside trend continues as far as 1.0835 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

Support1.07451.06651.06251.05701.0500
Resistance1.08351.09151.09801.10201.1080
RecommendationOur morning position remains valid

Canadian Dollar (CAD)

The Dollar versus Loonie attempted to breach the support level at 1.0980 yet the 76.4% correction at 1.0940 rebounded the pair back to the upside where we currently see the possibility of forming a bearish technical pattern. The pair may extend towards 1.1150 where trading must remain below this level for the pair to continue the decline and complete the pattern. Our targets remain at 1.0600 and 1.0300 respectively.

The trading range for today is among the key support at 1.0795 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

Support1.09801.09401.08801.08251.0795
Resistance1.10501.10951.11501.11901.1260
RecommendationOur morning position remains valid