3186454

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1216 and 1.1168.

Commentary/ Reason:

- The euro was quoted at $1.1340, resting below a one-month high reached on Monday.

- The euro held onto gains against the greenback as investors await data on German investor sentiment to help gauge the pace of Europe’s recovery from the health crisis.

- Stochastic indicator recovering from undervalued range of 20.

- RSI indicators steadies around normal range of 50 after recovering from overbought ranges.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9467 and 0.9498.

- Support line of 0.9385 and 0.9362.

Commentary/ Reason:

- Dollar traded at 0.9420 Swiss franc after scraping out three consecutive sessions of narrow gains.

- Stochastic indicator recovering from overbought range of 80.

- RSI indicators steadies around normal range of 50.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2637 and 1.2688.

- Support line of 1.2528 and 1.2457.

Commentary/ Reason:

- The pair retreated over yesterday’s, at 1.2550, for now.

- Both Stochastic and RSI indicators pulled back from oversold ranges.

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

GBPUSD