5bcd60c674de31540186310

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1427 and 1.1451.

- Support line of 1.1354 and 1.1308.

Commentary/ Reason:

- The euro held steady at $1.1386, after hit a 4-month high of $1.1452 on Wednesday.

- Euro were well supported by hopes that European officials will agree on fiscal stimulus measures at a meeting starting later today.

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

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9464 and 0.9501.

- Support line of 0.9404 and 0.9360.

Commentary/ Reason:

- The dollar was quoted at 0.9454 Swiss franc, close to the highest since July 3.

- Stochastic pulled back from overbought ranges, though still lingers around the range.

- RSI indicators steadies around normal range of 50 for some time.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2585 and 1.2668.

- Support line of 1.2545 and 1.24797.

Commentary/ Reason:

- Sterling was little changed at $1.2566 on Friday.

- Stochastic oscillator entered overvalued range.

- RSI indicators steadies around normal range of 50.

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

GBPUSD