Euro

The Euro versus Dollar pair corrected to the downside yet couldn't pass the 38.2% correction at 1.3740. Trading remains near the 1.3800 level despite the clear bearish momentum seen on technical indicators. The short term trend remains to the upside as far as 1.3680 remains intact yet we may witness more downside correction.The trading range for today is among the key support at 1.3580 and the key resistance at 1.4055The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120

Support1.37551.36801.36401.35801.3540
Resistance1.38501.39051.39901.40551.4120
RecommendationOur morning recommendation remains valid

Great British Pound (GBP)

The Cable was influenced by the UK data, activating our morning bearish scenario which has been confirmed by the bearish long black candlestick which took it to our suggested target areas. Momentum indicators are still trending to the downside. Hence we will keep our outlook to the downside for the rest of the day as far as 1.5900 remains unbroken.The trading range for today is among the key support at 1.5490 and the key resistance at 1.6100The general trend is to the upside as far as 1.4840 is intact with targets at 1.6600

Support1.56001.55501.54901.54451.5400
Resistance1.56701.57301.57901.58151.5900
RecommendationAccording to our analysis, sell the pair below 1.5630 with targets at 1.5545 and 1.5450 and stop loss with four hour closing above 1.5730.

Japanese Yen (JPY)

The USD/JPY pair was able to correct yesterday's sharp decline affected by the previous mentioned oversold signs appearing on the momentum indicators but the short term negative effects are still pressuring it. Hence we see that the pair will reverse back to the downside towards 93.50 and 92.40 as far as 96.90 is intact for the rest of the day.The trading range for today is among the key support at 92.40 and the key resistance at 98.50The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60

Support94.5094.0093.6592.9592.05
Resistance95.1595.3595.7596.4596.90
RecommendationOur morning position is still valid.

Swiss Franc (CHF)

The Dollar versus Swissy is expected to resume the major downside action affected by facing the upper line of the declining channel and 23.6% Fibonacci level as shown on the hourly chart. The eventual suggested targets for these anticipated moves are at 1.0745 and 1.0570. The 1.1445 level must remain intact for the declines to continue.The trading range for today is among the key support at 1.0745 and the key resistance at 1.1445The general trend is to the upside as far as 1.0570 remains intact with targets at 1.2245

Support1.09801.09201.08801.07951.0745
Resistance1.10751.11551.12501.13151.1355
RecommendationOur morning position is still valid.

Canadian Dollar (CAD)

The Dollar versus Loonie has found the support it needs around the middle line of the declining channel. We expect the pair to incline –supported by the bullishness appearing on the candlestick structure- towards the key resistance for the mentioned channel at 1.1970 before being able to confirm the short term trend. This incline remains as far as 1.1335 is intact.The trading range for today is among the key support at 1.1335 and the key resistance at 1.1970.The general trend is to the upside as far as 1.1335 is intact with targets at 1.3000.

Support1.14001.13451.13001.12751.1200
Resistance1.14751.15451.16001.16501.1675
RecommendationOur morning position is still valid.