ECB-Decision-740x416

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18247 and 1.18608.

- Support line of 1.1708 and 1.1672.

Commentary/ Reason:

- The greenback weakness supported the euro at $1.1781. The common currency had hit a two-year high of $1.1807 and is on course to post its biggest monthly gain in 10 years, having risen about 5% so far this month.

- Stochastic indicator flirting into undervalued range of 20 value.

- RSI oscillator steadies around the normal range.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91876 and 0.92156.

- Support line of 0.90967 and 0.90686.

Commentary/ Reason:

- The pair at 0.9125 as of now, after hitting new low of 0.91172 overnight.

- Both Stochastic and RSI oscillator steadies around the normal range of 50.

- The MACD is trading above its signal line and negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30319 and 1.30717.

- Support line of 1.29034  and 1.28637.

Commentary/ Reason:

- Sterling held firm against the dollar at $1.2986, just below Wednesday's 4-1/2-month high of $1.3013.

- Both Stochastic and RSI oscillator steadies around the normal range of 50 for some time.

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

GBPUSD