[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.
[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.
[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.