The euro dollar pair fell slightly after tow days of gains to record a low of 1.36331 and a high of 1.37124, having the union currency trading around 1.36502.
Regarding the pound dollar pair, it is consolidating between a high of 1.51068 and a low of 1.50221, having the royal currency trading around 1.50327.
Finally, the dollar fell slightly against the Japanese yen to record a low of 88.136 and a high of 88.629, having the pair trading around 88.424.
Market Expectations
EUR/USD :The pair Euro against the dollar rose yesterday after it penetrated the resistance level at 1.36550, the pair completed the corrective movement as we expect , and we expect that the pair should be return to land again, these expectation requires closure of a candle one hour below the level of 1.36550. We must note the Economic data that will issue from Euro Zone about Minimum Bid Rate.
GBP/USD : Sterling against the U.S. dollar Succeeded to achieving the 61.8% Fibonacci at 1.51300 for the last decline, we expect today on a downward trend for a couple to first target level at 1.49600 then to the level 1.48800, these expectations requires closure candle four hours below the level of 1.50500. We must note the Economic data that will issue from United Kingdom about Official Bank Rate.
USD/JPY : We expect today for the pair U.S dollar against the Japanese Yen a bearish direction prevailing over an intraday basis; main targets start at 87.660 then 86.800. Chances of achieving this bearish direction will remain intact if the four-hour closing remains below 90.000.
The Euro Dollar pair inclined slightly to record a high of 1.37013 and a low of 1.36251, having the union currency trading around 1.37002.
The Pound Dollar pair is currently trading between the record high of 1.51940 and a low of 1.51263, having the royal currency trading around 1.51916.
Finally, the Dollar fell slightly against the Japanese yen and the pair recorded a low of 90.344 and a high of 90.678, while it is currently trading around 90.374. Market Expectations
EUR/USD :
etermined Indicators for the pair Euro against the U.S. dollar appears saturated in the procurement process, which make us expect today down trend for the pair to test the support level at 1.35680, MACD supports our expectations which began to show negative signs.
GBP/USD :
Sterling gained against the U.S. dollar at the beginning of trading session to achieve the highest at the resistance level of 1.51860; determined indicators show saturation in the procurement process which may lead the pair to drop to the level of 1.50846 and 1.50366.
USD/JPY :
We expect trading to remain below 91.000, with a chance of a bearish trend remaining intact. The breach of 88.220 to the downside will create a sharp bearish direction.
The euro dollar pair is currently trading between the levels of 1.36400 levels and 1.33900, recording a high of 1.36352 and a low of 1.35956, having the union currency trading around 1.36086.
Regarding the pound dollar pair, it declined slightly in today's Asian session recording a low of 1.49771 and a high of 1.50658, having the royal currency trading around 1.49815.
Finally, the Japanese yen continued to rally against the federal currency and the pair recorded a low of 89.871 and a high of 90.330, while it is currently trading around 89.972.
Market Expectations
EUR/USD :
We expect today for the pair euro against the U.S. dollar to fluctuate around the support level of1.35850 before continuing the decline towards to the level of 1.35250 and then re-test the support level at 1.34350.
GBP/USD :
We expect today for the pair sterling against the U.S. dollar to fluctuate around the support level at 1.49850 before continue the process of depreciating to the first target at the level of 1.48600 and then 1.47750, these expectations requires constant trading below the 1.50800.
USD/JPY :
We expect a bearish intraday trend that will target first 89.300 then 88.600. It is vital that level 90.600 remain intact to maintain chances of achieving these expectations.
The euro dollar pair is consolidating between 1.36150 levels and 1.35850 levels recording a high of 1.36130 and a low of 1.35870, while it is currently trading around 1.35900.
Regarding the pound dollar pair, it fell slightly recording a low of 1.49516 and a high of 1.50158, having the royal currency trading around 1.49663.
Finally, the dollar yen pair is trading between a high of 90.134 and a low of 89.843, while the pair is currently trading around 90.128.
Market Expectations
EUR/USD :
etermined Indicators for the pair euro against the U.S. dollar appears saturated in the procurement process, signals of a down trend formation started appearing on the the pattern appear through the formation of candles, we expect a decline for the pair today aimed initially at 1.35010 and then re-test support level at 1.34450, and this requires constant for trading below the level of 1.36670.
GBP/USD :
Determined Indicators for the pair sterling against the U.S. dollar appears saturated in the procurement process, and we expect today's decline for the pair re- test the support level 1.47800 then the level of 1.47200.
USD/JPY : We expect today for the pair the dollar against the Japanese yen downtrend aimed at areas 90,000 and then 89,700, Stochastic indicator for one hour and for four hours in addition to support our expectations for this day.
The euro dollar pair is consolidating between the high of 1.36594 and the low of 1.36283, while The Euro Dollar Pair is currently trading around 1.36361.
The Pound Dollar pair almost didn’t move as it recorded a low of 1.49481 and a high of 1.49877, having the royal currency trading around 1.49577.
Finally, the dollar yen pair is trading between a high of 90.546 and a low of 90.203, while the pair is currently trading around 90.444.
Market Expectations
EUR/USD :Stochastic indicator for the Euro against the U.S. dollar pair appears saturated in the procurement process for the hour and for the four hours, we expect downward trend today. Our primary target for the pair is to test 1.35850 and then 1.35200.
GBP/USD : Stochastic indicator for the sterling dollar pair appears saturated in the procurement process, which makes us expect a downward trend for the pair to test 1.48990 and can achieve 1.47800.
USD/JPY : We expect a bullish intraday direction that requires the breach of 90.750 and target 91.450. Keep in mind that the breach of 90.000 will weaken chances of achieving these expectations. Stable trading above the 200 day moving average at the 90.000 is necessary to achieve our expectations.
[9:59:37 AM] Wael Salem: The euro dollar pair is currently trading between the 1.3710 levels and 1.3670 levels recording a high of 1.37072 and a low of 1.36693, having the union currency trading around 1.36934.
Regarding the pound dollar pair, it is fluctuating between a high of 1.50875 and a low of 1.50358, having the royal currency trading around 1.50413.
Finally, the dollar yen pair recorded a high of 90.743 and a low of 90.473, and the pair is currently trading around 90.633.
Market Expectations
EUR/USD :Stochastic indicator for the pair Euro against the U.S. dollar appears saturated in the procurement process as shown by the hour and four hours chart, the pair failed to break the resistance level at 1.37050, we expect today decline for the pair to the target level of 1.35800, and this requires penetration of the near support level 1.36620.
GBP/USD : We expect today for the pair sterling against the U.S. dollar back down to test the resistance level again at 1.49900, in case the pair can penetrate this level it will decline to the 1.49400 and then 1.48300.
USD/JPY :The dollar against the yen Continue volatility near the level of 90,650 , today we expect a continuation of the volatility around this level and in the event of breakthrough the pair will rise to 91.450.
The euro dollar pair is consolidating between the 1.37000 levels and 1.36500 levels recording a high of 1.37009 and a low of 1.36563, having the union currency trading around 1.36642.
Regarding the pound dollar pair, it is trading between a high of 1.50709 and a low of 1.49774, having the royal currency trading around 1.49870.
Finally, the dollar extended its drop against the Japanese yen recording a low of 89.985 and a high of 90.489, while the pair is currently trading around 90.261.
Market Expectations
EUR/USD :We expect today for the euro dollar pair a downward trend starting after the penetration of support level at 1.36020 and then to the target of 1.35210.
GBP/USD : We expect today for the sterling dollar pair to move further down to the support level at 1.49650 and if it breakthrough this level the pair will decline to the level of 1.48990, and we should take into consideration today’s economic data release.
USD/JPY :If the pair was is not able to build a base above Moving Average 50 We think that the overall direction for trading today is bearish, where it will be insured with the breach of 89.750 and stabilize below it.
Euro against dollar in the Asian traded in a narrow range slant upwards between highest level at 1.38180 and lowest level at 1.37632, which is trading now around 1.37966.
The Sterling against the dollar pair traded in a narrow slant upward trend between highest level 1.52688 and lowest rate 1.52085; the pairs are traded now at 1.52430.
During the Asian session the Dollar against the yen was traded among its highest level at 90.669 and the lowest price at 90.027, the pair trading now around 90.457.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar hit the resistance level at 1.38200; Stochastic appears saturated in the procurement process, which could lead the pair to a corrective movement towards to the level of 1.37020.
GBP/USD : Stochastic for the pair sterling against the U.S. dollar appears saturated in the procurement process, as it is obvious from the chart for four hours, which makes us expect a decline for the pair today aimed at the level of support at1.51850, and then 1.51150.
USD/JPY :We expect a bullish intraday that targets 91.220 then 91.700 before returning to resume the bearish short term wave. Keep in mind the breach of 90.000 could pave the way for resuming the bearish short term wave.
We expect that GBPUSD is still forming the fourth wave of the downside move that started at 1.63000 levels as seen on our provided four-hour chart. Therefore, the recently established ascending channel that controls the movements should continue taking the pair between 1.53000 -38.2% Fibonacci- and 1.54370 -50% Fibonacci- for the entire third wave followed by sharp declines, where the fifth wave will be in progress, targeting the level of 1.45000. There are three technical evidences that cable is preparing for a new descending wave. Negative crossover on Stochastic and momentum indicator representative. And negative divergence on OsMA.
