EURUSD is currently targeting 1.3278 level but it is being pushed down due to a but higher RSI and we might see EURUSD taking a bit more of dip towards 1.3081 level to complete it retracement and then resume its upward trend towards 1.3278.
Break of 1.3278 level will open next targets for EURUSD around 1.3400 level. Therefore we will find most traders looking to buy EURUSD on retracement dips during this week.
GBPUSD: (1.9435)
GBPUSD is currently around an important level at 1.9430 and a dip from here will mean GBPUSD heading for 1.9230 target. GBPUSD is not expected to rise from 1.9230 level as its RSI is on the lower side and in case of further dip, it would really go down and traders will aim to buy GBPUSD around 1.9230 level.
On the upper side, GBPUSD will initially target 1.9682 level, break of which will set 1.9798 as the nest target level for GBPUSD.
USDJPY: (116.78)
USDJPY touched its target at 116.53 and we might see a retracement rise by USDJPY towards 118.30. The rise is also expected due to the fact that the RSI is on the lower side below 30 and we should see a rise by USDJPY sooner or later.
Traders will initially look to buy USDJPY during this week and then we might see USDJPY resuming its downward trend again.
USDCHF: (1.2162)
USDCHF is currently heading towards its target at 1.2113 and break of which will set 1.1900 level as next target for USDCHF. But that scenario seems a bit unlikely at the moment as the RSI is on the lower side so we might see USDCHF taking a rise towards 1.2300 level and around that level, we might find traders selling USDCHF on completion of its retracement and continuing downward move.
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