EUR/USD 1.0744. EUR continues to trade within a triangle. It may continue to trade within the range 1.0685 â 1.0830 for some tome. Break of either side will lead to 1.0625 or 1.0885/90 respectively. USD/CHF 1.3925. Dollarâs advances are stronger than anticipated. Possibility of one more rise to 1.4030/45 exists now while 1.3880 or 1.3840 contains the downside. USD/JPY 120.51. Dollar is on course towards 121.15/35. Supports are at 120.25 & 120.05. GBP/USD 1.5702. Break above 1.5745 will add some strength to Cable & help it test 1.5785/1.5805. Support is at 1.5655/50. EUR/CHF 1.4975. Rise to 1.5035/45 is on the cards. Supports are at 1.4925 & 1.4900. EUR/JPY 129.53. EUR should progress to 130.25/30 in short term. Supports are at 129.25 & 129.00. EUR/GBP 0.6838. Range trading between 0.6820 & 0.6860 is likely for some time. AUD/USD 0.6039. Consolidation between 0.6020 & 0.6075 is anticipated. USD/CAD 1.4528. Dollar seems to have met one target near 1.4490. But one more dip to 1.4485 cannot be ruled out while below.
EUR/USD 1.0769. No change in view. EUR continues to trade within a triangle. It may continue to trade within the range 1.0685 â 1.0830 for some tome. Break of either side will lead to 1.0625 or 1.0885/90 respectively. Minor support & resistance are at 1.0710 & 1.0810 respectively. USD/CHF 1.3901. Dollarâs recent range 1.3840-1.3965 is likely to prevail for now. Break above 1.3965 may target 1.4085/1.4125. USD/JPY 120.19. Dollar is struggling to cross 120.85/90 region causing some doubts about the bullish outlook. Immediate support is at 119.95 & below that 119.75 break of which will push USD down to 119.20/10. GBP/USD 1.5709. Cable is expected to try 1.5825/30. Immediate support is at 1.5655/50 & below that 1.5615/00. EUR/CHF 1.4971. No change in view. Rise to 1.5035/45 is on the cards. Supports are at 1.4925 & 1.4900. EUR/JPY 129.40. EUR should progress to 130.25/30 in short term. Before that, dip to 129.20/05 is a possibility where good supports are located. EUR/GBP 0.6849. Consolidation between 0.6825 & 0.6870 is likely to be followed by a drift down to 0.6790. AUD/USD 0.6037. Consolidation between 0.6020 & 0.6075 is likely to be followed by a rise to 0.6105/10. USD/CAD 1.4552. Dollar may trade in 1.4490-1.4600 range for some time.
EUR/USD 1.0793. No change in view. EUR continues to trade within a triangle. It may continue to trade within the range 1.0685 â 1.0830 for some time. Break of either side will lead to 1.0625 or 1.0885/90 respectively. USD/CHF 1.3923. No change in view. Dollarâs recent range 1.3840-1.3965 is likely to prevail for now. Break above 1.3965 may target 1.4085/1.4125. USD/JPY 120.25. Dollar is struggling to cross 120.85/90 region causing some doubts about the bullish outlook. Suggest to play the range 119.75-120.85 for some time. GBP/USD 1.5709. No change in view. Cable is expected to try 1.5825/30. Immediate support is at 1.5655/50 & below that 1.5615/00 EUR/CHF 1.5031. Minimum target at 1.5035/40 is met but signs of weakness are yet to appear. Short term pictures hint at rise to 1.5055/65 or 1.5090 while above 1.4985 after which downside retracement is possible. EUR/JPY 129.85. EUR has met our target comfortably. MACD divergence hint at possibility of fall to 129.35/25. Resistance is at 130.35/50. EUR/GBP 0.6871. Short term uptick to 0.6890/95 is anticipated while above 0.6855/50. AUD/USD 0.6079. AUD should try 0.6105/10 now. Support is at 0.6055. USD/CAD 1.4462. Dollar may drift down to 1.4435 while below 1.4505/10 in short term.
EUR/USD 1.0947. EURâs rally gathered strong momentum once it broke out of recent range. It should target 1.1015 or even 1.1085. Minor support is at 1.0900 & below that 1.0865/50. USD/CHF 1.3665. Dollar weakness should push it down to 1.3525 or 1.3455 while resistances at 1.3730 or 1.3755/80 contain its upside correction. USD/JPY 119.05. Our suspicions about impending Dollar bearishness was proved right. USD should fall to 118.75 or 118.45/35 in short term while resistances at 119.30 or 119.65 hold the upside probes. GBP/USD 1.5816. Cable has met our suggested target near 1.5835 comfortably. Short term pictures hint at one more rise to 1.5845/60 while above 1.5795/80. EUR/CHF 1.4961. Having met our target near 1.5055, EUR has started the downside retracement towards 1.4925 or 1.4885/65. Resistances are at 1.4985 & 1.5005. EUR/JPY 130.32. One more upside attempt near 130.80/131.05 is possible after which downside retracement is anticipated. EUR/GBP 0.6920. Short term uptick to 0.6945 is anticipated while above 0.6890/85. AUD/USD 0.6138. Rise to 0.6165/80 is looked for. Support is at 0.6100. USD/CAD 1.4512. Rise to 1.4580 is possible while above 1.4500/1.4485.
EUR/USD 1.0894. EURâs downside correction is expected to be supported around 1.0850/45 for a thrust higher to 1.0960/65 & possibly 1.1010/20. Break below 1.0820/10 will put this expected up move in doubt. USD/CHF 1.3785. Dollar went beyond our suggested resistance area 1.3780. But it may still fall to 1.3645/1.3595 as long as 1.3845/55 contains its advances. USD/JPY 119.88. Dollar went close to our target below 119.00 before the bounce. Short term uptick to 120.15/30 or 120.45 is now on the cards. Supports are at 119.80 & 119.55. GBP/USD 1.5741. Cable has met our suggested target near 1.5845 comfortably. Consolidation between 1.5700 & 1.5800 is likely for some time now. EUR/CHF 1.5020. Break of 1.5005 is confusing. Suggest to play 1.4950-1.5055 range for some time. EUR/JPY 130.64. One more upside attempt near 130.90/131.05 is possible in the short term. Some of our indicators warn about impending retracement after this up move. EUR/GBP 0.6916. EUR should move higher to 0.6965/75. Support is at 0.6885/70. AUD/USD 0.6145. Rise to 0.6185/90 is looked for. Support is at 0.6100 & below that 0.6080. USD/CAD 1.4523. One more rise to 1.4560/80 is possible while above 1.4500/1.4465.
EUR/USD 1.0855. EURâs downside was held above our suggested support area above 1.0820 yesterday retaining the chances of resuming the uptrend towards 1.0960/85. Break below 1.0820/15 will put this expected rally in jeopardy. USD/CHF 1.3892. Short term thrust higher to 1.3955/65 or 1.4000/05 is now possible while above 1.3845/30. USD/JPY 120.55. Dollar should try 121.00/15 now while above 120.30/20. More support lies at 119.95. GBP/USD 1.5635. Cable went down without any worthwhile consolidation. It should fall to 1.5560 or 1.5500/1.5495 now. Corrective advances are likely to be repulsed around 1.5675/90. EUR/CHF 1.5083. Support at 1.5045/35 should contain any weakness for a move higher to 1.5135/50. EUR/JPY 130.85. No change in view. One more upside attempt near 131.20/35 is possible in the short term. Some of our indicators warn about impending retracement after this up move. EUR/GBP 0.6941. Though EUR has met one target near 0.6965, it may attempt one more test higher to 0.6970/75 while above 0.6925/20. AUD/USD 0.6140. No change in view. Rise to 0.6185/90 is looked for. Support is at 0.6100 & below that 0.6080. USD/CAD 1.4544. No change in view. One more rise to 1.4570/80 is possible while above 1.4500/1.4465.
EUR/USD.. .1.0875. Preferred outlook now is resumption of uptrend towards 1.1125/1.1335/65.Supports are at 1.0850/20 & below that at 1.0780 & 1.0665.Minor resistance is situated at 1.0965/1.1000. USD/CHF.. 1.3820. Initial signs of end of Dollar's upside correction are in. Resistances are at 1.3965, 1.4085/1.4105 & 1.4320. As long as Dollar remains below 1.4315/25 we look for declines to 1.3125/1.3060/1.2930. USD/JPY..119.80. Dollar 's bullish outlook is dampened a bit.It may trade in 117.60-120.85 range for some time. GBP/USD..1.5705.Resistance in 1.5835/85 area has to be taken out for Cable to try higher to 1.6000++.
EUR/USD 1.0959. EUR moved along suggested lines to test just above 1.1000. It should retain the upward momentum for a thrust higher to 1.1015/35. Its short term corrective declines should be supported at 1.0925/05. Minor support is at 1.0940. USD/CHF 1.3735. Got this wrong and Dollar turned down from 1.3905 itself instead of minimum 1.3955 expected. Dollarâs corrective rise will run into resistance in 1.3765/85 area for a fall to 1.3645/25. More resistance lies at 1.3820(S/L). USD/JPY 120.05. Dollar is repeatedly failing near 120.75/90 area. It also gets supported above 119.30/50. Suggest to play this range until a clear break occurs on either side. GBP/USD 1.5765. Cable unexpectedly broke above our suggested resistance near 1.5690 & it should try 1.5835/50 now. Supports are at 1.5730/15 & below that 1.5690. EUR/CHF 1.5053. Break above 1.5095 will push EUR up to 1.5135/45. EUR/JPY 131.65. Short term momentum should help EUR test 132.20/25. Support is at 131.35/15. EUR/GBP 0.6949. EUR is likely to trade in 0.6925 - 0.6975 range for some time. AUD/USD 0.6206. One more rise to 0.6245/50 is looked for. Support is at 0.6170/60. USD/CAD 1.4468. Dollar turned down from 1.4565, just under our suggested level 1.4570. It should drift down to 1.4400 in short term while below 1.4500/05.
EUR/USD 1.1049. EUR has moved along projected lines so far to test one target near 1.1065. Divergence in MACD in some pictures indicates that EURâs progress may be curtailed near 1.1075/1.1105 area which may be tested in short term while above 1.1015. After this upmove, fall to 1.1000/1.0960 is anticipated. USD/CHF 1.3595. Short term fall to 1.3555/25 may be followed by a rise to 1.3625 or 1.3705. USD/JPY 120.13. Dollar is unable to hold on to gains above 120.90, which increases the chances for further range trading between 119.50 & 121.15. Short term drift down to 119.65/60 is possible while 120.50/55 resists. GBP/USD 1.5941. Cable should do one more attempt near 1.5985/1.6005 in short term while 1.5900 lends support. EUR/CHF 1.5025. EUR could not break beyond 1.5095 & now a fall to 1.4980/65 is expected while below 1.5045/50. EUR/JPY 132.78. Short term thrust higher to 133.25/30 is looked for. Support is at 132.50. EUR/GBP 0.6926. EUR may trade in 0.6890-0.6960 range for some time. AUD/USD 0.6175. Short term rise to 0.6195/0.6210 is looked for. Support is at 0.6160/55. USD/CAD 1.4465. Dollar is expected to fall to 1.4415/1.4390. Resistances are at 1.4505 & 1.4530.
EUR/USD 1.0989. EUR is moving along suggested lines so far. Short term negative momentum should push it sown to 1.0950/40 as resistance near 1.1015/20 contains its upside. USD/CHF 1.3702. Short term push higher to 1.3755/70 or 1.3795/00 may be witnessed while 1.3645/35 lends support. USD/JPY 120.13. No change in view. Dollar is unable to hold on to gains above 120.90, which increases the chances for further range trading between 119.50 & 121.15. Short term drift down to 119.75/70 is possible while 120.50/55 resists. GBP/USD 1.5890. Cable turned down after testing our suggested 1.5985 target. It should do one more test down to 1.5845/35 as long as 1.5920/25 contains its upside. EUR/CHF 1.5060. EUR may grind higher to 1.5090/1.5100 while above 1.5035/30. EUR/JPY 132.03. Short term drift down to 131.80/70 is looked for. Resistance is at 132.40. EUR/GBP 0.6915. No change. EUR may trade in 0.6890-0.6960 range for some time. AUD/USD 0.6200. Short term rise to 0.6225/35 is looked for. Support is at 0.6175/60. USD/CAD 1.4470. Dollar may do some range trading between 1.4435 & 1.4560.