EUR/USD: Saw Slight Breach Of The 1.1123 Resistance

EUR/USD

Saw slight breach of the 1.1123 resistance but no follow-through as yet as mkt settled back in consolidation. Break will clear the way to the 200-day MA and trendline from the May high, now at 1.1180. Downside see support now at the 1.1060/50 area then the 1.1000 level. [PL]

USD/CHF

Steady in consolidation from the .9695 low with the long lower wick suggesting scope for bounce to unwind recent sharp decline. The small rounding bottom on intraday chart see resistance starting at .9760/76 area and lift over this will see room to the .9800 level. Failure to hold .9695 will expose .9650/40 lows to retest. [PL]

USD/JPY

Trying to recover from the 102.55 low to unwind some of the steep fall this week. However, no signs of a bottom as yet and lower will see risk to the 102.00 level then the 101.84 support. Resistance now at 103.50 and 103.80 area then the 104.00 level. Would need to regain the latter to revive upside focus. [PL]

EUR/CHF

Recovery from the 1.0754 low to regain the 1.0800/11 area fades the downside pressure and see stronger push higher in play. above the 1.0824 high will shift focus to the 1.0864 high of last week then the 1.0900 level. Lows at 1.0773 and 1.0754 now protecting the downside. [PL]

GBP/USD

Follow-through on break of the 1.2332 resistance has seen rally to approach the 1.2500 level. Lift over this will trigger further recovery to the 1.2600/23 area and 1.2686. The downside looks to be well protected from here and dips below the 1.2400 level will see recent highs at 1.2354 and 1.2272, now support. [PL]

EUR/GBP

Sharp drop through the .8981/48 area has seen follow-through to take out the .8880 support. Nearby see support at .8850 though risk is seen for break to further extend the drop from the .9365, Oct high. Lower will see scope to .8800 level and .8777 support. Resistance now at .8981 then .9049 high. [PL]

EUR/USD: Saw Slight Breach Of The 1.1123 Resistance