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[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1423 and 1.1496.

- Support line of 1.1256 and 1.1216.

Commentary/ Reason:

- The euro rose to a 4-month high since March 10 to $1.1397.

- Euro rose against dollar on optimism about the possibility of EU stimulus package, though market participants remained cautious.

- Both Stochastic and RSI indicators pulled back from overbought ranges, to around neutral 50 mark.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9467 and 0.9498.

- Support line of 0.9385 and 0.9362.

Commentary/ Reason:

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

- RSI indicators also climbing toward overvalued range, with now staying at around 60 mark.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2637 and 1.2688.

- Support line of 1.2528 and 1.2457.

Commentary/ Reason:

- The dollar was on the defensive, as the pair rose to 1.2568.

- Both Stochastic and RSI indicators pulled back from overbought ranges.

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

GBPUSD