EURUSD Eyes Further Downside Pressure
EURUSD faces risk of further move lower following its sell off the past week. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1200 level. A breach above here will target the 1.1250 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further down, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.1900 level. All in all, EURUSD looks for more downside pressure.
GBPUSD Retains Its Broader Weakness
GBPUSD looks to weaken further as it looks to extend its broader downtrend. Support stands at 1.1450 area with a break below that level turning focus to the 1.1400 level. Further down, support lies at the 1.1350 level where a violation will turn focus to the 1.1300 level. Below here will open the door towards the 1.1250 level. On the upside, resistance is located at the 1.1550 with a turn above there allowing for morel strength towards the 1.1600 level. Further out, resistance stands at the 1.1650 level followed by the 1.1700 level. On the whole, GBPUSD faces further downside threats in the new week.
USDCHF Vulnerable, Looks To Weaken Further
USDCHF faces risk of further bear pressure in the new week. Resistance comes in at the 0.9550 level. Above here, resistance lies at the 0.9600 level and then the 0.9650 level. Further out, resistance stands at the 0.9650 level. On the downside, support is located at the 0.9450 level with a turn below here opening the door for more decline towards the 0.9400 level. And then the 0.9350 level. Further down, support comes in at the 0.9300 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. All in all, USDCHF remains biased to the downside on further pullbacks.
EURJPY Remains On Recovery Pressure
EURJPY continues to face recovery threats as it closed higher on Monday and followed through higher on Tuesday. On the downside, support comes in at the 118.00 level where a break if seen will aim at the 117.50 level. A cut through here will turn focus to the 117.00 level and possibly lower towards the 116.50 level. On the upside, resistance resides at the 119.00 level. Further out, we envisage a possible move towards the 119.50 level. Further out, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level. On the whole, EURJPY continues to retain its recovery pressure nearer term.
EURUSD Holds Off Lower Prices, Eyes More Recovery
EURUSD faces risk of further recovery after backing off lower prices the past week. Resistance comes in at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach above here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0900 level with a violation of there opening the door for further gain towards the 1.0850 level. Further down, resistance lies at the 1.0800 level. A break through that level will clear the way for a move towards the 1.0750 level. All in all, EURUSD looks for more upside pressure on correction.
EURJPY Vulnerable Towards The 116.11 Level
EURJPY continues to face downside pressure as it looks to weaken further towards its key support at 116.11 level. On the downside, support comes in at the 116.50 level where a break if seen will aim at the 116.00 level. A cut through here will turn focus to the 115.50 level and possibly lower towards the 115.00 level. On the upside, resistance resides at the 117.50 level. Further out, we envisage a possible move towards the 118.00 level. Further out, resistance resides at the 118.50 level with a turn above here aiming at the 119.00 level. On the whole, EURJPY continues to retain its downside pressure.e way for a move towards the 1.0750 level. All in all, EURUSD looks for more upside pressure on correction.
EURUSD Faces More Consolidation Threats
EURUSD faces risk of further move lower though it now faces consolidation threats. Resistance comes in at the 1.0900 where a break will turn risk to the 1.0950 level. A breach above here will target the 1.1000 level. Further up, resistance stands at the 1.1050. Conversely, on the downside, support comes in at 1.0850 level with a violation of there opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for more downside but consolidation threats.
EURJPY Continues To Hold And Trade Above Key Support Zone
EURJPY continues to hold and trade above its key support located at the 116.21/11 zone. On the downside, support comes in at the 116.21 level where a break if seen will aim at the 115.50 level. A cut through here will turn focus to the 115.00 level and possibly lower towards the 114.50 level. On the upside, resistance resides at the 116.50 level. Further out, we envisage a possible move towards the 117.00 level. Further out, resistance resides at the 117.50 level with a turn above here aiming at the 118.00 level. On the whole, EURJPY continues to retain its downside pressure but remains above its key support.
EURUSD Turns Higher Ahead Of Key Resistance
EURUSD faces risk of further move higher after backing off lower prices on Friday. Resistance comes in at the 1.0850 where a break will turn risk towards the 1.0900 level. A breach of here will target the 1.0950 level. Further up, resistance stands at the 1.1000. Conversely, on the downside, support comes in at 1.0750 level with a violation opening the door for further gain towards the 1.0700 level. Further down, resistance lies at the 1.0650 level. A cut through that level will clear the way for a move towards the 1.0600 level. All in all, EURUSD looks for more upside on recovery
AUDUSD: Breaks Above The 0.6444 Zone
AUDUSD looks to extend its upside pressure after breaking through the 0.6444 level. On the downside, support comes in at the 1.6444 level. A cut through here will turn focus to the 0.6400 level and then the 0.6350 level. A violation will set the stage for a retarget of the 0.6300 level. Conversely, resistance lies at the 0.6550 level where a breach will aim at the 0.6600 level. Below here will open the door for a run at the 0.6650 level and then the 0.6700 level. On the whole, AUDUSD faces further upside threats in the short term.
GBPUSD Looks To Weaken Further Lower
GBPUSD looks to correct further lower as it holds on to its downside pressure. Support stands at 1.2300 area with a break turning focus to the 1.2250 level. Further down, support lies at the 1.2200 level where a violation will turn focus to the 1.2150 level. Below here will open the door towards the 1.2100 level. On the upside, resistance is located at the 1.2400 with a break above there allowing for morel strength to build up towards the 1.2450 level. Further out, resistance stands at the 1.2500 level followed by the 1.2550 level. On the whole, GBPUSD faces further downside threats.
USDCAD Sets Up To Strengthen Further
USDCAD faces risk of further upside as it looks to follow through higher on the back of 2 days gain… Support comes in at the 1.4050 level where a break will aim at the 1.4000 level. Further down, support comes in at the 1.3950 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3900 level. On the upside, resistance stands at the 1.4150 level where a break will target the 1.4200 level. Further up, resistance resides at the 1.4250 level and then the 1.4300 level. All in all, USDCAD looks to strengthen further in the days ahead.
EURUSD Rallies Sharply, Eyes More Strength
EURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for further bull threats.
USDJPY Faces Further Recovery Risk
USDJPY continues to face recovery threats in the days ahead. On the upside, resistance comes in at 108.00 level. Above this level will turn attention to the 108.50 level. Further out, we expect a possible move towards the 109.00 level. A cut through here will open the door for more gain towards the 109.50. On the downside, support comes in at the 107.00 level where a break will target the 106.50 level. Below that level will turn focus to the 106.00 level and then lower towards the 105.50 level. On the whole, USDJPY faces further recovery threats in the days ahead.
USDJPY Sells Off, Sets To Weaken Further
USDJPY continues to retain its downside pressure leaving risk of more weakness on the cards. On the upside, resistance comes in at 107.50 level. Above this level will turn attention to the 108.00 level. Further out, we expect a possible move towards the 108.50 level. A cut through here will open the door for more gain towards the 109.00. On the downside, support comes in at the 107.00 level where a break will target the 106.50 level. Below that level will turn focus to the 106.00 level and then lower towards the 105.50 level. On the whole, USDJPY faces further decline threats.
EURUSD Bullish, Faces Risk Of More Gain
EURUSD faces risk of further upside pressure as it retains its medium term uptrend. Resistance comes in at the 1.1450 where a break will turn risk towards the 1.1500 level. A breach of here will target the 1.1550 level. Further up, resistance stands at the 1.1600. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, on the downside, support comes in at 1.1350 level with a violation opening the door for further gain towards the 1.1300 level. Further down, resistance lies at the 1.1250 level. A cut through that level will clear the way for a move towards the 1.1200 level. All in all, EURUSD looks for more upside recovery.
EURGBP Bull Pressure Exposes 0.9175 Level
EURGBP looks to extend further upside pressure with eyes on key resistance at 0.9175 resistance zone. On the downside, support stands at the 0.9100 level where a violation will turn focus to the 0.9050 level. A break below here will aim at the 0.9000 level. Further down, support comes in at 0.8950 level. Conversely, resistance lies at the 0.9150 level. A violation if seen will turn risk towards the 0.9200 level. Further up, resistance comes in at 0.9250 level followed by the 0.9300 level. All in all, EURGBP remains biased to the upside towards its key resistance at 0.9175 area.
EURUSD Risk Continues To Build Up Towards The 1.1496 Level
EURUSD faces risk of further upside pressure as it looks to recapture its key resistance at 1.1496 level. Resistance comes in at the 1.1550 with a break turning risk towards the 1.1600 level. A cut through here will target the 1.1650 level. Further up, resistance stands at the 1.1700. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, on the downside, support comes in at 1.1450 level with a violation opening the door for further gain towards the 1.1400 level. Further down, resistance lies at the 1.1350 level. A cut through that level will clear the way for a move towards the 1.1300 level. All in all, EURUSD looks for more upside recovery.
GBPUSD Breaks Through The 1.2669 Resistance Zone
GBPUSD looks to strengthen further after cutting through the 1.2669 resistance on Tuesday. Support comes in at 1.2700 area with a break below that level turning focus to the 1.2650 level. Further down, support lies at the 1.2600 level. A violation will turn focus to the 1.2550 level. Below here will open the door towards the 1.2500 level. On the upside, resistance is seen at the 1.2800 with a break above there allowing for morel strength to build up towards the 1.2850 level. Further out, resistance stands at the 1.2900 level followed by the 1.2950 level. On the whole, GBPUSD faces further upside threats towards the 1.2812 zone.
USDCHF Bear Pressure opens Risk Towards The 0.9181 Zone
USDCHF faces risk of further move lower in the week following its past week weakness. Support comes in at the 0.9181 level. Below here, support lies at the 0.9150 level and then the 0.9100 level. Further down, support comes in at the 0.9050 level. Its weekly. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is located at the 0.9250 level with a turn above here opening the door for a move towards the 0.9300 level. And then the 0.9350 level. Further down, support comes in at the 0.9400 level. All in all, USDCHF remains biased to the downside in the medium term.
