usdollar-paper-boat-696x398

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19148 and 1.19688.

- Support line of 1.18068  and 1.17528.

Commentary/ Reason:

- The euro last sat at $1.1886, just below a recent 2-year high of $1.1916.

- Both Stochastic and RSI oscillators are retreating from overvalued ranges into normal ranges.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91200 and 0.91706.

- Support line of 0.90188  and 0.89682.

Commentary/ Reason:

- Against the Swiss franc, dollar is poised to re-test multi month or multiyear troughs made earlier in the month, though moves in morning trade were small as Wednesday's release of the Federal Reserve minutes looms on the horizon.

- The dollar was quoted at 0.9054 Swiss franc.

- Stochastic oscillator is at undervalued range of 20.

- RSI oscillator pulled back from undervalued 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 1.31309 and 1.31500.

- Support line of 1.30691  and 1.30500.

Commentary/ Reason:

- The British pound was stalled around $1.1362 as investors are watching the latest round of Brexit negotiations, with the future of London's financial institutions' access to the European market in focus.

- Both Stochastic and RSI oscillators retreated from overvalued range.

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

GBPUSD