Market_Volatility_Article_V2_1140X570

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1146 and 1.0998.

Commentary/ Reason:

- The euro stood at $1.1241 having found solid support around above of $1.1167.

- Stochastic indicator value is more than 70 indicating that the chart is entering overbought range.

- RSI oscillator is closing into overvalued range.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9522 and 0.9586.

- Support line of 0.9416 and 0.9321.

Commentary/ Reason:

- A firm dollar kept riskier currencies under pressure on Monday.

- Stochastic oscillator is closing into overbought range.

- RSI oscillator steadies around the normal range, though it lingers below 50 value mark.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2601 and 1.2804.

- Support line of 1.2335 and 1.2237.

Commentary/ Reason:

- Sterling had losses and sat at $1.2369, just a fraction above a one-month low it hit on Friday.

- Stochastic oscillator entered overbought range.

- RSI oscillator also closing into the overbought range.

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

GBPUSD