Current level – 1.1722
The euro continues to lose its value against the dollar and this trend was observed during yesterday’s trading session as well. The forecast is for the euro to continue to weaken against the greenback and for the pair to focus on a test of the important support at 1.1748. In case an upward movement is to develop, the first important resistance is expected to be the level of 1.1834. Today, investors will focus on the U.S. consumer confidence data (15:00 GMT).
Current level – 110.63
After the currency pair managed to stay above the key level at 110.16, we are now witnessing a strong upward impulse and a test of the resistance at 110.60. If the bulls prevail and this resistance gets breached, then the USD/JPY should head toward the psychological level at 111.00. If the resistance lasts, a correction or even a reversal of the trend may be expected. The first important support can be found at 110.16.
Current level – 1.3737
The forecasts for today’s trading session are for the sterling to continue its depreciation against the U.S. dollar. A breach of the support at 1.3671 is a highly possible scenario and could lead to a further decline towards the next support at 1.3580. The first important resistance is the level of 1.3800.