[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.1383 and 1.1492
- Support line of 1.1236 and 1.1146.
Commentary/ Reason:
- EURUSD has broken the boundary of a rising parallel channel.
- Stochastic and RSI oscillators are within normal range.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.9541 and 0.9586.
- Support line of 0.9510 (recent low) and 0.9416.
Commentary/ Reason:
- Stochastic oscillator value is below 30, entering an oversold range.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.2753 and 1.2804.
- Support line of 1.2613 and 1.2504.
Commentary/ Reason:
- Price moving within the boundary of a rising parallel channel and expected to continue the trend for some time.
- Stochastic oscillator value is above 70, entering an overbought range.
- RSI oscillator is closing into overbought range.
- The MACD is trading above its signal line and positive. The configuration is positive.
