[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.18685 and 1.18960.
- Support line of 1.17792 and 1.17516.
Commentary/ Reason:
- The euro hovered above $1.181.
- Stochastic entered the overvalued range of 80.
- RSI oscillator steadies around normal ranges of 50.
- The MACD is trading above its signal line and negative.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.91243 and 0.91411.
- Support line of 0.90702 and 0.90535.
Commentary/ Reason:
- The dollar was quoted at 0.909 Swiss franc.
- Both Stochastic and RSI oscillators 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 1.31302 and 1.31623.
- Support line of 1.30264 and 1.29943.
Commentary/ Reason:
- The pound was marginally weaker at $1.306.
- Both Stochastic and RSI oscillators steady around normal range after a pullback from oversold ranges.
- The MACD is trading above its signal line and negative.
