EUR/USD remains in bullish bias. The price is testing the resistance at 1.11930. Euro may continue to strengthen if the resistance breaks, with potential target at 1.12654-1.13464.
EUR/USD
EUR/USD remains in bullish bias. The price is testing the resistance at 1.11930. Euro may continue to strengthen if the resistance breaks, with potential target at 1.12654-1.13464.
As alternative scenario, watch the support area at 1.10050-1.10034. If correction occurs to that area, you can look for another buy signal with potential rebound up to 1.11400-1.11930.
Be careful if the support at 1.10034 breaks because it will turn intraday bias into bearish and potentially will push euro down to 1.09586-1.108862.
AUD/USD
AUD/USD remains in bullish bias. The price is testing the resistance at 0.78177. Aussie may continue to strengthen if the resistance breaks, with potential target at 0.78536-0.78937.
As alternative scenario, watch the support area at 0.77416. If correction occurs to that area, you can look for another buy signal with potential rebound up to 0.77818-0.78177.
Be careful if the support at 0.77416 breaks because it will turn intraday bias into bearish and potentially will push Aussie down to 0.77015-0.76656.
GBP/USD
GBP/USD remains in bullish bias. The price is testing the resistance at 1.53738. Sterling may continue to strengthen if the resistance breaks, with potential target at 1.54221-1.54761.
As alternative scenario, watch the support area at 1.52956-1.52474. If correction occurs to that area, you can look for another buy signal with potential rebound up to 1.53255-1.53738.
Be careful if the support at 1.52474 breaks because it will turn intraday bias into bearish and potentially will push sterling down to 1.52175-1.51692.
USD/JPY
USD/JPY looks on bearish condition. Today’s preference is still to look for short position. The scenario is to wait for bearish signal confirmation at the resistance 124.39, with target at 124.05 – 123.74.
Be careful if the resistance at 124.39 breaks because it will turn intraday bias into bullish and possibly will push USD/JPY up to 124.73 – 125.04.
USD/CHF
USD/CHF currently remains in bearish bias. Today, it is still possible to look for short position. The scenario is to look for bearish signal confirmation within the resistance area at 0.9392, whereas 0.9344 – 0.9301 is the target.
Be careful if the resistance at 0.9392 breaks because it will turn the intraday bias to bullish and possibly will push USD/CHF up to 0.9440 – 0.9482.