EURUSD is currently taking a nice dip towards 1.3390 and the RSI is also looking good to take EURUSD towards 1.3390 during this week. Currently traders will look some decent levels to sell EURUSD and such a good level can be seen around 1.3508 and around this level the short term retracement will also be completed therefore traders will sell EURUSD on rise above 1.3500 levels.
GBPUSD: (1.9834)
GBPUSD seemed to set itself up for a nice dip below 1.9700 level but before doing so we might see GBPUSD just rising above 1.9900 level and around 1.9915 we can find a good selling level for initial target around 1.9670, break of which will set 1.9550 as next target level for GBPUSD.
USDJPY: (121.64)
USDJPY is moving nicely towards its target at 122.19 and break of that level will set 123.00 as next target level for USDJPY. RSI is just below 65 and we might see USDJPY making initial rise towards 122.19 level and then dropping from there towards 121.07 level. Currently traders will look to buy USDJPY on dips below 121 level.
USDCHF: (1.2285)
USDCHF is targeting 1.2373 at the moment and the RSI is also looking good at 61 so we might see an initial rise by USDCHF. Currently traders will look to buy USDCHF on dips towards 1.2230 level. So we might see USDCHF taking a good rise from 1.2230 level during this week.
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