currency

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18786 and 1.20398.

- Support line of 1.16794  and 1.15182.

Commentary/ Reason:

- The dollar pushing as high as $1.1695 per euro on Monday, 1.8% above last week’s two-year low, before relaxed at $1.1766.

- Both Stochastic and RSI indicators flirting around the overbought range of 80 and 70 values, respectively.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92071 and 0.93179.

- Support line of 0.90702 and 0.89595.

Commentary/ Reason:

- The pair at 0.918 as of now, after hitting new low of 0.9055 last week’s Friday.

- Stochastic oscillator pulled back from overvalued range.

- RSI oscillator steadies around the normal range.

- The MACD is trading below its signal line and negative. The configuration is negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31647 and 1.32539.

- Support line of 1.28759  and 1.27867.

Commentary/ Reason:

- Sterling recouped overnight losses to steady at $1.3075 per dollar.

- Stochastic oscillator pulled back from overvalued range.

- RSI oscillator steadies around the normal range.

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

GBPUSD