EUR


The Euro versus Dollar pair was able to rebound from the 38.2% correction at 1.4080 to near the key resistance which is our initial target for today. We still hold our outlook to the upside on the short term with chancels of volatility due to signs from momentum indicators.


The trading range for today is among the key support at 1.3655 and the key resistance at 1.4340


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


GBP


The Cable declined to retest the previously breached level at 1.6575 which has now become a support that we expect will rebound the pair to the upside as we mentioned earlier. We hold our outlook to the upside as far as 1.6465 remains intact.


The trading range for today is among the key support at 1.5900 and the key resistance at 1.6815


The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100


JPY


After the USD/JPY pair neared the pivot support at 95.10, it rebounded back to the upside towards the minor resistance 96.10 which we expect to support our morning outlook to the downside on the intraday basis towards 94.25 and 93.00. This outlook remains as far as 96.10 is intact.


The trading range for today is among the key support at 93.00 and the key resistance at 98.85


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 continued to trade around the pivot support at 1.0795 in an attempt to breach it to the downside to target 1.0600. We hold our outlook as far as the resistance level at 1.0910 remains intact.


The trading range for today is among the key support at 1.0600 and the key resistance at 1.1165


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


CAD


The Dollar versus Loonie is declining gradually towards the pivot support on the intraday basis at 1.1505. We still hold our outlook to the downside on the intraday basis to breach the above mentioned support and open the way towards 1.1255 as far as 1.1670 remains intact.


The trading range for today is among the key support at 1.1255 and the key resistance at 1.1815


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