golden_Dollar_Site_collection-1

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17836 and 1.18661.

- Support line of 1.16816 and 1.15991.

Commentary/ Reason:

- The euro was up at $1.17319, having hit its highest since late 2008 at $1.1781.

- Stochastic indicator entered undervalued range, with RSI oscillator following toward the range too.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.93539 and 0.94045.

- Support line of 0.91902 and 0.91396.

Commentary/ Reason:

- The dollar touched its lowest against the Swiss franc since mid-2015. Now at 0.92218.

- Stochastic and RSI oscillators in over 80 and 70 values, respectively, entering overvalued ranges.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.29031 and 1.29717.

- Support line of 1.28183 and 1.27497.

Commentary/ Reason:

- Sterling inched ahead to a new four-month peak of $1.29032. Now at $1.2850.

- Stochastic indicator entered undervalued range, with RSI oscillator following toward the range too.

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

GBPUSD