EUR/USD remains under pressure, but the momentum has turned down. As trading strategy, watch the support area at 1.15496 and resistance at 1.16518. If the support breaks, euro may weaken to 1.14582. Instead, if the resistance breaks, euro may strengthen up to 1.17540.
GBP/USD
GBP/USD remains under pressure. A pull-back move has occurred towards the resistance area at 1.51170. As trading strategy, watch the resistance area in order to look for bearish signal to go short, with target at 1.50848-1.50561. Be careful if the resistance at 1.51770 breaks because it will turn the intraday bias to bullish and possibly will raise sterling up to 1.51491-1.51778.
EUR/USD
EUR/USD remains under pressure, but the momentum has turned down. As trading strategy, watch the support area at 1.15496 and resistance at 1.16518. If the support breaks, euro may weaken to 1.14582. Instead, if the resistance breaks, euro may strengthen up to 1.17540.
AUD/USD
AUD/USD Aussie is moving sideways. The price is trying to rebound from the support area at 0.81536. Rebound target is at 0.82403-0.82939. Be careful if the support at 0.81536 breaks because it will turn the intraday bias to bearish and potentially will push Aussie down to 0.81205-0.80669.
USD/JPY
USD/JPY is still in the bullish bias, seen from the price moves above the moving average and is now stuck at the level of 118.52 which becomes resistance for today where if the level is successfully breakwill rise USDJPY higher with targeti in the range of 118.90 - 119.33. As alternative Buy opportunities can be taken if the USD/JPY was corrected in the area of 117.53 - 117.90, it can be seen from the stochastic oscillator and CCI is in the overbought area. But beware if the level of support at 117.53 successfully break because it is potential to hit USD/JPY lower with target in the range of 116.90
USD/CHF
USD/CHF still tend to be in a sideways condition after a sharp decline last week. USD/CHF is currently stuck in the area 0.8494 - 0.8812 which is became a key level for today. If USD/CHF broke through support at the 0.8494 level SELL opportunities can be taken as this could potentially suppress USD/CHF lower with target in the range 0.8103 - 0.8298, while if the resistance at the 0.8812 level successfully penetrated then Buy opportunity can be taken with the potential USD/CHF to be raised higher with the target in the range of 0.9130.