Stock-Charts-6-1

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1146 and 1.0998.

Commentary/ Reason:

- The euro held steady at $1.1238, though lacked conviction amid mixed signals about the eurozone economy and limited progress in talks on the future trade relationship between Britain and the EU.

- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.

- RSI indicator is steadies around the normal range of 50 value.

- The MACD is trading above its signal line and positive. The configuration is positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9529 and 0.9586.

- Support line of 0.9416 and 0.9321.

Commentary/ Reason:

- The Swiss franc perked up against the greenback, which shows that positive economic data alone is not enough to support broad-based dollar gains.

- Stochastic and RSI oscillators closing to the undervalued range.

- The MACD is trading above its signal line and negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2545 and 1.2683.

- Support line of 1.2316 and 1.2252.

Commentary/ Reason:

- Sterling bought $1.2386 as it held on firmly to the previous session's gains, but traders may be wary due to worries about Britain's trade negotiations with the EU.

- Both Stochastic and RSI oscillators recovering from overvalued range.

- The MACD is trading below its signal line and positive.

GBPUSD