[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.
[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.
[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.