EURO
The Euro was able to initiate an upside channel after forming higher lows everyday, yet it finds difficulty to breach that 1.5550 level. Once, the Euro closes above the mentioned level, we will see a head and shoulders formed on the charts only then will the currency be able to continue its bullish trend

The trading range is among the key resistance level at 1.5550 and the key support level at 1.5390.

The general trend is to the upside as far as 1.4260 remains intact; targets are set at 1.6080 and 1.6360.

Support: 1.5420, 1.5389, 1.5369, 1.5342, 1.5310
Resistance: 1.5520, 1.5541, 1.5580, 1.5605, 1.5635

Recommendation: buying Euro above 1.5450, targets at 1.5540 and stop loss below 1.5405

GBP
The British pound is still moving in its descending channel it has established on April 20. Technical indicators show that the pound is moving towards the upper end of the channel near that 1.9580 area where a break-out of this level will take its next target to 1.9780.

The trading range is among the key resistance level at 1.9620 and the key support level at 1.9360.

The general trend is to the downside as far as 2.0200 remains intact; targets are set at 1.9230 and 1.8700.

Support: 1.9445, 1.9425, 1.9411, 1.9350, 1.9312
Resistance: 1.9490, 1.9505, 1.9533, 1.9555, 1.9582

Recommendation: Buy sterling above 1.9400 targeting 1.9520 and stop below 1.9390 level.

JPY
The dollar against the Japanese yen is still moving to the downside after dropping below the 104.80 level supported by the technical indicators showing the continuation of these movements. Today's closing will be an important one where if the pair was able to close below 104.80, a double top initiated on the weekly charts will help take the pair down further targeting the 101 area once again.

The trading range for today is among the key resistance level at 105.30 and the key support level at 103.70.

The general trend is to the downside as far as 109.00 remains intact; targets are set at 92.40 and 90.00.

Support: 104.50, 104.22, 104.00, 103.70, 103.45
Resistance: 104.85, 105.10, 105.35, 105.70, 105.89

Recommendation: Sell the pair below 104.85 with a target at 104.00 and a stop loss above 105.20.

CHF
The pair is still consolidating between two important levels at 1.0390 and 1.0620 where it is stuck in a tight range and preparing for a bigger movement to come if it managed to close above it. This range is getting tighter further to help gain enough momentum to which seems like a descending trend in the upcoming period if the pair fails to close below 1.0560

The trading range is among the key resistance level at 1.0620 and the key support level at 1.0390.

The general trend is to the downside as far as 1.1000 remains intact; targets are set at 0.9670 and 0.9370

Support: 1.0495, 1.0472, 1.0445, 1.0401, 1.0390
Resistance: 1.0560, 1.0585, 1.0620, 1.0635, 1.0675

CAD
The USD/CAD pair is still trading within a narrow range that keeps tightening further and further reaching parity; yet technical indicators show slight upside movements for the day.

The trading range is among the key resistance level at 1.0160 and the key support level at 0.9950.

The general trend is to the downside as far as 1.0700 remains intact; targets are set at 0.9030 and 0.8840.

Support: 1.0000, 0.9989, 0.9960, 0.9923, 0.9905
Resistance: 1.0030, 1.0062, 1.0085, 1.0120, 1.0145