EURUSD is looking to target 1.3670 level and break of that will setup 1.3750 as next target for EURUSD. On the lower side we could see a possible dip towards 1.3537 level, break of which will set 1.3450 as next target for EURUSD. The RSI value is currently around 56 in daily charts and thus suggests that it will support extended move in both direction.
GBPUSD: (1.9930)
GBPUSD is currently looking to take a dip towards 1.9850 level and break of that level will setup 1.9726 as next target level for GBPUSD. We might see GBPUSD taking a rise from 1.9842 level towards 2.000 level and once it breaks 2.000 level, we will see GBPUSD making a move towards 2.0132
We might see traders buying GBPUSD around 1.9850 levels for targets around 2.0100 level. RSI is just around 53 and thus have will support movement in both directions.
USDJPY: (120.10)
USDJPY is moving nicely towards its target at 121.16 and break of that level will set 122.00 as next target level for USDJPY. Traders will initially look to buy USDJPY around 119.50 level for targets above 121 level.
On the lower side, break of 119.50 will set USDJPY towards 118.35 level and which again would be another good buying opportunity for USDJPY traders. RSI is just above 61 and thus have move than enough space for USDJPY to make a move towards 121.16 level.
USDCHF: (1.2114)
USDCHF seems to setting itself up for a a move below 1.2000 level and before doing so, it might take a rise towards 1.2155 level and then take a nice dip below 1.2000 level and its initial target will be at 1.1900
On the upper side, break of 1.2155 will set 1.2350 as next target for USDCHF. RSI is just below 50 and thus seems to play no role in USDCHF movement at the moment. Traders will look to sell USDCHF around 1.2155 level for targets around 1.1900 level.
Disclaimer: All information on this web site is subject to change. The use of this web site constitutes acceptance
of our user agreement. All publisher financial articles at
FXtree.com are those of the individual authors and do not represent trading recommendations
of FXtree.com or its staff.