EUR

The Euro versus Dollar pair failed to breach the 1.3825 level as it was able to slightly rebound the pair back to the upside. We expect the intraday and short term trends to continue to the upside and result in a failure of the previously detected bearish pattern as the pair may incline to the minor resistance at 1.4090 on the intraday basis before targeting 1.4450. This incline remains as far as 1.3825 is intact .

The trading range for today is among the key support at 1.3340 and the key resistance at 1.4235

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

GBP

After yesterday's incline, the Cable corrected to the downside towards the 50% correction at 1.6350 in an attempt to rebound back to the upside. The trend seems to be to the upside and will be confirmed with the breach of the 1.6500 resistance which will provide the pair with more support to target 1.6685 and 1.7000 respectively. The short term incline remains as far as 1.6075 is intact.

The trading range for today is among the key support at 1.6075 and the key resistance at 1.6770

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.6830

JPY

The USD/JPY pair attempted to breach the pivot resistance at 97.15 yet as it closed below it, the pair returned within the key descending channel as it trades below its key resistance. Our outlook remains to the downside targeting 95.50, a break of which will take the pair to 93.40 as far as 97.15 is intact.

The trading range for today is among the key support at 93.40 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

CHF

The Dollar versus Swissy pair failed to incline above 1.0900 which revives the possibility for further declines on the short term. The minor support at 1.0820 may limit the decline yet a breach of this level will open the way for the pair towards 1.0700 as far as 1.0955 is intact.

The trading range for today is among the key support at 1.0585 and the key resistance at 1.1230

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

CAD

After the decline was limited at the 1.1215 support level, sending the pair back to the upside towards 1.1400, the Dollar versus Loonie pair failed to maintain these levels as it reversed back to the downside affected by the double top formation. The neckline for the pattern resides at 1.1215 where a breach of this level will take the pair towards its technical targets at 1.1060. This decline remains as far as 1.1455 is intact.

The trading range for today is among the key support at 1.1060 and the key resistance at 1.1600

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