globe-and-currency

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18786 and 1.20398.

- Support line of 1.16794  and 1.15182.

Commentary/ Reason:

- The euro last sat at $1.181, after twice testing support (double bottom) around $1.17, as focus turns to U.S. private jobs data due later in the day, apart from the stimulus stalemate.

- Both Stochastic and RSI indicators entered the overbought range of 80 and 70 values, respectively.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92071 and 0.93179.

- Support line of 0.90702 and 0.89595.

Commentary/ Reason:

- The pair at 0.912 as of now, after hitting new low of 0.9055 last week’s Friday.

- Stochastic oscillator entered undervalued range of 20.

- RSI oscillator also flirting towards undervalued range.

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

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31647 and 1.32539.

- Support line of 1.28759  and 1.27867.

Commentary/ Reason:

- The pound, which has shrugged off the dollar's bounce this week, was steady at $1.308.

- Stochastic oscillator entered overvalued range of 80.

- RSI oscillator also flirting towards overvalued range.

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

GBPUSD