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EURUSD Recovers Once Again

By: Investija

EURUSD Technical analysis

EURUSD bulls did manage to recover once again, support level stands as strong barrier which keeps bulls side from further falling. Buying options still remain for this pair, just below support – bulls are in danger.

 TrendSupportResistance
Long TermPositive1.48261.5040


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USDCHF Technical analysis
Support level showed some signs of its importance for both sides. Bears can't manage to break out by this level yet, but today we can expect another hit to this support level. Downside short term movement is expected towards support.

Trend
SupportResistance
Long TermNeutral1.00631.0190



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USDJPY Technical analysis


Bears slided downside towards support level, bears are confident enough to test today support level. According to previous moves, bears did manage to break couple of support levels, but now it looks like this pair is in consolidation. Further jumping is expected.

Trend
SupportResistance
Long TermNegative88.8189.67


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GBPUSD Technical analysis
Boring situation, low movements, bulls and bears can't decide yet which direction to take. Will we see an extension of current positive movement? It is possible, but we need to confirm a breakout by resistance level. While resistance holds – bears can take price to the downside.

Trend
SupportResistance
Long TermPositive1.67631.6851


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