[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.1321 and 1.1419.
- Support line of 1.1212 and 1.1146.
Commentary/ Reason:
- Stochastic and RSI oscillators are closing into overvalued range.
- The U.S. dollar was slightly higher as coronavirus cases in some U.S. states and in Beijing sent investors into safe-haven assets.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.9548 and 0.9586.
- Support line of 0.9416 and 0.9321.
Commentary/ Reason:
- Stochastic oscillator is closing into overbought range.
- RSI oscillator steadies within normal range.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.2753 and 1.2804.
- Support line of 1.2504 and 1.2366.
Commentary/ Reason:
- Stochastic and RSI oscillators steadies within normal range.
- The MACD is trading above its signal line and negative.
