Euro

Mid-day report

The Euro versus Dollar pair inclined as expected as we see the formation of a bearish technical pattern that has yet to be activities however we see trading is currently below the middle line of the ascending channel which may take the par to the key support at 1.3100 and that is why we currently advise to remain cautious during trading although we see the upside trend remains as far as 1.3275 is intact

The trading range for today is among the key support at 1.2800 and the key resistance at 1.3585

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

Support1.32751.32451.31901.31751.3100
Resistance1.33651.33851.34301.34651.3525
RecommendationOur morning position remains valid

Great British Pound (GBP)

Mid-day report

The Cable reversed to the downside after the release of the rate decision to breach the key support for the minor ascending channel. We still hold our outlook to the upside towards 1.5300 yet it is important to monitor the current support levels at 1.5060 – 1.5045 where we expect this level to be breached to the downside towards 1.4975 and perhaps extend to 1.4845

The trading range for today is among the key support at 1.4770 and the key resistance at 1.4500

The general trend is to the downside as far as 1.5270 remains i ntact with targets at 1.3440

Support1.50451.50101.49751.49151.4845
Resistance1.51151.51651.51901.52701.5295
RecommendationOur morning position remains valid

Japanese Yen (JPY)

Mid-day report

The USD/JPY pair inclined to near our initial target for today at 99.55 after building a solid base at 98.45. Our outlook remains to the upside where a breach of this level will open the way for the pair to target 103.00 after passing 100.65 and 101.45. This incline remains as far as 96.00 is intact

The trading range for today is among the key support at 96.00 and the key resistance at 103.00

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

Support98.9098.6598.0597.1596.35
Resistance99.55100.25100.65101.00101.45
RecommendationAccording to our analysis, buy the pair above 99.55 with targets at 100.65 and stop loss with four hour closing below 98.65

Swiss Franc (CHF)

Mid-day report

It seems like the Dollar versus Swissy pair is trading near the 1.1390 pivot level as we still hold on to our outlook to the downside targeting 1.1270 and 1.1165 on the intraday basis as far as 1.1520 remains intact.

The trading range for today is among the key support at 1.0980 and the key resistance at 1.1800

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

Support1.13001.12701.12401.11651.1100
Resistance1.13901.14201.15201.15851.1645
RecommendationOur morning position remains valid

Canadian Dollar (CAD)

Mid-day report

The Dollar versus Loonie continued to decline within the minor descending channel where the resistance level is currently around 1.1730 . We still hold our outlook to the downside with targets at 1.1655 and 1.1580 – 1.1535. This decline remains as far as 1.1750 is intact

The trading range for today is among the key support at 1.1450 and the key resistance at 1.2190

The general trend is to the upside as far a s1.1535 remains intact with targets at 1.3400

Support1.16251.15801.15351.14501.1370
Resistance1.17301.17501.18151.18751.1900
RecommendationOur morning position remains valid with moving entry to 1.1730 from 1.1750