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[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.15741 and 1.16204.

- Support line of 1.14242 and 1.13778.

Commentary/ Reason:

- The euro rose to $1.1541, its highest since early January 2019.

- The euro hit its strongest in 18 months after EU leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus.

- Stochastic pulled back into overbought range, after briefly retreated for the 80-value mark.

- RSI indicators also entered overbought range.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.94053 and 0.94689.

- Support line of 0.93418 and 0.93025.

Commentary/ Reason:

- The dollar fell to 0.93206 Swiss franc to reach the lowest since March.

- Stochastic and RSI oscillators both entered undervalued ranges.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.27898 and 1.28357.

- Support line of 1.26415 and 1.25957.

Commentary/ Reason:

- Against the British pound, the dollar traded at $1.2723, close to a six-week low.

- Stochastic indicator pulled back from overbought range.

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

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

GBPUSD