[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1168 and 1.1146.

Commentary/ Reason:

- The euro edged up to $1.1271, while investor holding awaiting U.S. services sector data.

- Stochastic indicator is more than 80, signalling that the indicator entered overvalued range.

- RSI indicator is more than 70, signalling that the indicator entered 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 0.9529 and 0.9586.

- Support line of 0.9416 and 0.9376.

Commentary/ Reason:

- Against the Swiss franc, the dollar dipped to 0.9529, after four straight days of gains last week.

- Stochastic and RSI indicators retreated into 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 1.2545 and 1.2683.

- Support line of 1.2316 and 1.2252.

Commentary/ Reason:

- Sterling moved in a narrow range at $1.2484.

- Stochastic oscillator passing 80 value mark, entering the overbought, while RSI also closing into the range too.

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

GBPUSD