iStock-912989046-960x451

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18339 and 1.18757.

- Support line of 1.17822  and 1.17405.

Commentary/ Reason:

- The dollar found support from an overnight rise in yields, keeping the euro to $1.1804 in Asian morning trade.

- Both Stochastic and RSI oscillators edged toward the overvalued range of 80 and 70, 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 0.91276 and 0.91628.

- Support line of 0.90841 and 0.90488.

Commentary/ Reason:

- The greenback fetched 0.9112 Swiss franc.

- Stochastic indicator entering the undervalued range, with RSI oscillators also edged toward the 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 1.31287 and 1.31890.

- Support line of 1.30522 and 1.29910.

Commentary/ Reason:

- Sterling was pressured to last fetch $1.3101, and not helping was lack of progress in the latest round of Brexit talks with the European Union.

- Both Stochastic and RSI oscillators entering the overvalued range of 80 and 70, respectively.

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

GBPUSD