Current level – 1.2154
The currency pair is managing to stay above the important support level of 1.2148, which is a bullish signal and the pair is expected to move towards the closest resistance levels at 1.2183 and at 1.2219. In the negative direction, the first support is the already mentioned level of 1.2148. Today, investors’ attention will be focused on the new home sales data for the U.S.(15:00 GMT) and the testimony of Fed Chairman Jerome Powell (15:00 GMT).
Current level – 105.86
In the first hours of today’s trading session, the currency pair re-tested the critical resistance at 106.15, but again failed to breach it. As a result, a corrective movement followed, but the forecasts are for an upward movement, test and a breach of the mentioned resistance at 106.15. The first important support is the level of 105.61.
Current level – 1.4152
During yesterday’s trading session, the pair retraced most of its previous upward swing , thus forming a signal for a downward movement. However, the forecasts are for a continuation of the upward movement and for a test of the resistance at 1.4240. The first important support is the level of 1.3949.