The euro dollar Pair traded during the Asian trading in a narrow down trend range between the lowest price at 1.36664 and the highest at 1.37409. The pair is currently trading around 1.36710.
The Sterling against the dollar pair also traded in a narrow slanting range between lowest level at 1.52707 and highest level at 1.53239, where the pair traded now at 1.5297.
Dollar against the yen traded in the Asian session between lowest level at 90.060 and highest level at 90.421, which is now traded at 90.250 levels between.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar moved downwards with the beginning of trading session to the support level at 1.36650, we expect a breakthrough for this level during the day to the level of 1.36200 and then 1.35850.
GBP/USD : Downward trend technical model has been formed on the charts of the pair sterling against the U.S. dollar, After the pair completed its correction yesterday at the level of 50% Fibonacci since declining from the level 1.64000, We expect today's trend a downward trend for the pair to the level of 1.52250 if the pair breaks through this level we may achieve the level of 1.51000.
USD/JPY :We expect a bearish direction over a short term trend that will start with the breach of the mentioned neckline and towards 89.450 – 89.000 as primary targets, followed by 88.220. Keep in mind that these expectations requires to stabilize under the main levels of 90.00 and 90.650
The euro dollar pair is consolidating between the 1.36300 levels and 1.36000 levels recording a high of 1.36267 and a low of 1.35984, having the union currency trading around 1.36160.
Regarding the pound dollar pair, it is trading between a high of 1.52554 and a low of 1.51636, having the royal currency trading around 1.51800 levels.
Finally, the dollar yen pair is trading between a high of 90.597 and a low of 90.337, and the pair is currently trading around 90.521.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar achieved our expectations yesterday with high accuracy, we expect a further drop today aimed at the level of support 1.35650 and we expect a breakthrough for this level to head towards the goal 1.35200, these expectations requires constant trading below the level of 1.36500.
GBP/USD : The pair sterling against the U.S. dollar achieved our expectations yesterday, touching the precise level of support at 1.52250, and completed the landing with the start of trading today to close a candle four hours below that level; we expect a further drop today aimed first at the level of 1.51000 and then 1.50650
USD/JPY :WWe expect a bearish direction over an intraday basis, which will start with the breach of 90.000 and head towards 89.450 then 89.000. Keep an eye on 90.650, where the four hour candlestick closing above it will pave the way for a temporary ascend that targets 91.500 mainly.
The euro dollar pair extended its last week's decline recording a low of 1.34899 and a high of 1.35366, having the union currency trading around 1.35061.
Regarding the pound dollar pair, it continued to drop recording a low of 1.49319 and a high of 1.50241, having the royal currency trading around 1.49567.
Finally, the dollar yen pair is consolidating between a high of 90.770 and a low of 90.415, while it is currently trading around 90.740.
Market Expectations
EUR/USD :The of EUR against the U.S. dollar failed to settle above the level of 1.38000 which led the pair to retest the support level at 1.34850, bearish signals shows for the pair through the chart and technical indicators confirms that, which made us predict bearish movement for the pair today and the rest of the week, we may see today some of the volatility for the pair around the level of support which mentioned before continuing the decline.
GBP/USD : The pair sterling against U.S dollar failed to stabilize on the level of 50% over the past week at a price of 1.52650, which prompts the pair to drop back to the levels of 1.49500, RSI on the weekly chart still pushes the pair to decline, which leads us to keep our expectations in landing during the trading today.
USD/JPY :The pair U.S dollar against Japanese Yen failed to stabilize below 89.650 and will stay on sideway trading in attempt to achieve the ongoing bullish direction. We hold onto the neutral stance throughout the day. We recommend following up with the daily report and keeping up with the pair's movement towards 92.250 and 89.650.
The euro dollar pair is trading between 1.35700 levels and 1.35100 levels recording a high of 1.35691and a low of 1.35141, having the union currency trading around 1.35152.
The pound dollar pair recorded a low of 1.50525 and a high of 1.51119, having the royal currency trading around 1.50602.
Finally, the dollar yen pair is trading between the high of 90.379 and a low of 90.060, while the pair is currently trading around 90.331.
Market Expectations
EUR/USD :The Euro against U.S. dollar failed yesterday to settle below the level of 1.34850, as a result the pair shifted to the level of 1.35750 to get rid of the determination which is showed through the indicators, Stochastic appears saturated in the procurement process which may lead the pair to re-test stability below the level of 1.34850, and therefore we expect a bearish movement for the pair during today’s session.
GBP/USD : Stochastic for the pair sterling against the U.S. dollar appears saturated in the procurement process on the chart for four hours, which may lead to a bearish trend for the pair during the trading today , and we expect that the pair starts the fifth bearish wave (Fifth Elliott wave )during the trading today .
USD/JPY :The major confliction between the stochastic could point to a bullish rebound and between the RSI indexes that seems to have failed in building a base above 50 points. From here, we shall stay neutral for some time until insuring signs emerge for the direction. Any trading between 91.000 and 89.750 will leave the pair in a sideway direction.
The euro dollar pair dropped recording a low of 1.34061 and a high of 1.35062, having the union currency trading around 1.34161.
Regarding the pound dollar pair, the pair recorded a low of 1.49568 and a high of 1.50455 the pair is currently trading at 1.49688.
Finally, the dollar gained against the Japanese yen recording a high of 90.653 and a low of 90.347, and the pair is currently trading around 90.600.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar declined as we expected yesterday to close at the support level 1.33990 at the beginning of trading for this day, we expect today a further drop for the pair aimed initially at 1.33250, with the possibility of some minor corrections during the trade.
GBP/USD : Negative signals emerge from the Stochastic indicator for the pair sterling against the U.S. dollar parallel to the emerge of technical bearish features to the pair, as we mentioned in our report yesterday, we still waiting for the entry in the fifth wave downward according to the (Elliot Waves), We are waiting now a breakthrough for the level of support at 1.49560.
USD/JPY :The sideway trading continues, between 91.000 and 89.750 our expectations for today remain neutral until a breach of mentioned resistance and support occurs to insure the intraday direction, although we are leaning towards expectations of a bearish short tern direction.
The euro dollar pair declined recording a low of 1.32836 and a high of 1.33471, having the union currency trading around 1.33191.
Regarding the pound dollar pair, it fell slightly in the Asian session recording a low of 1.48533 and a high of 1.49276, having the royal currency trading around 1.49143.
Finally, the dollar yen pair is consolidating between a high of 92.327 and a low of 91.762, and it is currently trading around 91.900.
Market Expectations
EUR/USD :RSI still points to the possibility of more bearish movement for today the oversold signs on Stochastic could cause some fluctuation and bullish correction remain target at 1.31300 then to 1.30000.
GBP/USD :The stochastic despite of it entering oversold areas is giving off a need for more bearish movement which could be opened alongside the RSI that points to the possibility of more bearish movement.
USD/JPY :We expect that the pair entered bullish wave that maintains the possibility of trading remaining above 90.95. Positive signs on momentum indicators that could be harmonic technical pattern that is currently being formed and with expectations of a bullish direction towards ascending levels.
The euro dollar pair inclined slightly recording a high of 1.33581 and a low of 1.32670, having the union currency trading around 1.33544.
Regarding the pound dollar pair, inclined slightly to record a high of 1.48928 and a low of 1.48044, while it is currently trading around 1.48267.
Finally, the dollar yen pair is consolidating between a high of 92.772 and a low of 92.396, while the pair is currently fluctuating around 92.621.
Market Expectations
EUR/USD :Today we are waiting an up correction movement for the pair Euro against U.S. dollar; this is reflected through indicators determined, but the general trend for the pair still downward, which aims to correct the level of 76.4% Fibonacci at the level of 1.31000
GBP/USD :We expect today an up corrective movement for the pair sterling against U.S. dollar to get rid of saturation in the large sales but we still reserve our expectations, the general downward trend for the pair, Continued trading below 1.49350 confirms our expectations.
USD/JPY :We expect more bullish movement for the pair, there is a high saturation in the procurement process, this makes us maintain witnessing some bearish corrections; however, any bearish correction does not surpass 91.720.
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