sg_150517_stocks_large

[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 $1.1244, having gained a tad against the U.S. currency since yesterday.

- Stochastic oscillator recovering from overvalued range, though the indicator still lingers around the range.

- RSI indicator is steadies around the normal range of 50 value.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9529 and 0.9586.

- Support line of 0.9416 and 0.9321.

Commentary/ Reason:

- Dollar held onto gains against the Swiss franc. The safe-haven Swiss franc eased to 0.9509.

- Stochastic oscillator recovering from overvalued range before closing into undervalued range in a short period.

- RSI oscillator recovering from 70 value mark of overvalued range.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2469 and 1.2601.

- Support line of 1.2233 and 1.2154.

Commentary/ Reason:

- Sterling traded at $1.2306, after sliding to a one-month low of $1.2252 on Monday on concerns about how Britain's government will pay for its planned infrastructure program following Prime Minister Johnson's promise to increase spending.

- Stochastic oscillator recovering from overvalued range.

- RSI indicator is steadies around the normal range of 50 value.

GBPUSD