[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.18124 and 1.18262.
- Support line of 1.17848 and 1.17710.
Commentary/ Reason:
- The euro was defensive at $1.1791 after falling 0.5% on Friday following disappointing eurozone manufacturing activity data.
- Both Stochastic and RSI oscillators edged toward the undervalued range of 20 and 30, respectively.
- The MACD is trading below its signal line and positive.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.91412 and 0.91671.
- Support line of 0.90894 and 0.90635.
Commentary/ Reason:
- The greenback fetched 0.9124 Swiss franc, holding onto a 0.5% gain from Friday.
- Stochastic indicator entering the overvalued range, with RSI oscillators also expected to follow toward the range later.
- The MACD is trading above its signal line and positive. The configuration is positive.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.31087 and 1.31237.
- Support line of 1.30787 and 1.31637.
Commentary/ Reason:
- The British pound nursed losses after falling 0.9% on Friday on lack of progress in post-Brexit trade talks with the European Union. It was last at $1.3089.
- RSI indicator hold steady at normal range, while Stochastic lingers toward oversold ranges.
- The MACD is trading below its signal line and negative. The configuration is negative.