EUR/USD: Steady In Range From The From The 1.0569 Low Though The Downside Still Vulnerable

EUR/USD

Steady in range from the from the 1.0569 low though the downside still vulnerable. Lower will see scope for retest of the 1.0524 and 1.0458, lows of 2015. Resistance now at 1.0666 and lift over this needed to trigger stronger recovery to retrace recent steep fall towards the 1.0709/46 resistance. [PL]

USD/CHF

Struggling to sustain above the 1.0100 level which keep resistance at 1.0125 capping so far. Clearance needed to see strength to the 1.0200 level then the 1.0240 and 1.0257 highs. Below the 1.0060 support will ease upside pressure and see scope for deeper pullback to the parity level. [PL]

USD/JPY

Limited on probes above the 111.00 level with upside checked at 111.36 high to leave the May high at 111.45 intact. However, the downside still limited and see support starting at 110.00/109.80 area. Would take break here to swing focus lower to correct recent strong rally from the 101.20 low. [PL]

EUR/CHF

Limited on probes below the 1.0700 level and consolidation at the 1.0686 low tracing out a 1-wk basing pattern. Resistance is at 1.0759 high of last week and lift over this will trigger stronger recovery to the 1.0800/11 area. Failure to hold 1.0686 low will expose the Jun low at 1.0624 to retest. [PL]

GBP/USD

Bounce from the 1.2300 level to regain the 1.2500 fading the downside pressure. Above the 1.2529 resistance will clear the way for retest of the 1.2674 high and see possible extension of the broader recovery from the 1.1841 low. Support now at 1.2380 then the 1.2302 low. [PL]

EUR/GBP

Pressure stays on the downside and break of the .8500 level trigger deeper pullback to the .8468 and .8420 support. Break of the latter will see further weakness to .8334, Sep low. Upside see resistance at the .8600/39 area and only lift over this will ease downside pressure and see stronger rebound. [PL]

EUR/USD: Steady In Range From The From The 1.0569 Low Though The Downside Still Vulnerable