The euro dollar pair is consolidating between the 1.33480 levels and the 1.32850 levels recording a high of 1.33481 and a low of 1.32855, having the union currency trading around 1.32953.
Regarding the pound dollar pair, it is trading between a high of 1.52431 and a low of 1.51479, having the royal currency trading around 1.51724.
Finally, the dollar Yen pair recorded a high of 93.432 and a low of 93.062, and it is currently trading around 93.101.
Market Expectations
EUR/USD :Today, we expect a further drop for the pair euro against the U.S. dollar to the goals 1.32500 and then to the level of 1.31800, Stochastic approaching saturation in selling momentum, which may lead to fluctuations for the price around the level of 1.33250 to get rid of this negative determination before continuing the downward trend to the targets specified above.
GBP/USD :Sterling against the U.S. dollar is approaching to re-test the support level of 1.51250, we expect a decline for the pair for this day to the target level at 1.50500, and this expectation requires stability of the trading below 1.53000.
USD/JPY :Today, we expect the pair to continue the decline for the pair of the dollar against the Japanese yen, which mainly targets levels of 92.90 and 92.30. Constant trading under the level of 94.00 is important for achieving these expectations.
Sterling is trending lower against the U.S. dollar for the third consecutive day ahead of the BoE decision, where the MPC is expected to hold rates intact at their low of 0.5% and continue holding their APF at 200 billion pounds. The large deficit in the government budget and the possible suspension of the parliament remains the main cause of the enormous pressure on the sterling pound; we believe that the price has now started preparing to enter the fifth downward wave, therefore we wait further decline for the pair to re- test the level 1.47800 then achieve the target of 1.43650 And thus complete the last wave for the pair, a moving average 100 for the pair sterling against the U.S. dollar at the level of 1.56400, still a strong resistance for the pair impermeable, all of that these reasons make us believe that the pair should be decline to the level of 1.43650.
Euro faces a significant negative pressure and will continue its decline against the U.S. dollar after the European economy has shown a standstill for the fourth quarter growth in the past according to data released yesterday from Europe. The firmness of trading below the level of 1.35250 keeps on the downward trend for the pair. the pair of the euro against the U.S. dollar remains stable below the level of the of 1.34850 and 1.34100 at the corrective level of 61.8% Fibonacci, therefore We expect a further drop for a couple to the level of 76.4% correction Fibonacci at 1.30000.
If we return to the moving average 20-50 we can see that the moving average is negative, the intersection of 20 below the moving average 50, this moving average is a strong resistance force for a pair at 1.3525, all of these expectations supports the bearish trend for the pair the euro against the U.S. dollar.
The euro dollar pair is consolidating between the 1.33400 levels and the 1.33850 levels recording a high of 1.33835 and a low of 1.33417, having the union currency trading around 1.33642.
Regarding the pound dollar pair, it is trading between a high of 1.53033 and a low of 1.52670, having the royal currency trading around 1.52950.
Finally, the dollar Yen pair recorded a high of 93.642 and a low of 93.336, and it is currently trading around 93.601.
Market Expectations
EUR/USD : The euro against the U.S. dollar is still under pressure therefore holding back any real corrective movement, Trades for the pair will be quiet during the day, and the general trend remains bearish for the pair to head towards the goal of 1.31850, with the possibility of a corrective movement for a pair to the level of 1.34850.
GBP/USD :The pair Sterling against the U.S. dollar trading still limited between the support level at 1.51250 and the resistance level at 1.53030, we advised to monitor the price for the day before determining the direction.
USD/JPY :The expected direction over an intraday basis remains bearish; targeting 93.000 then 92.350 and essentially requires 94.050 to remain intact.
[9:40:29 AM] Wael Salem: The Euro against the U.S. dollar traded in a narrow range in the Asian session between the lowest price at 1.35690 and the highest price at 1.35997, the pair trading now around the level of 1.35855.
Also the pair sterling against the U.S. dollar traded in a narrow range in the Asia session between the highest level at 1.53803 and the lowest level at 1.53364, the pair is currently trading around the level of 1.5740.
Finally the U.S. dollar against the Japanese Yen traded between the highest level at 93.271 and the lowest level at 92.572, the pair trading now around the level of 92.792.
Market Expectations
EUR/USD : Today, we expect continued volatility for the EUR against the U.S. dollar around the level of 1.36000 before declining to close the price gap at the level of 1.34980, stability of trading below the level of 1.36590 is necessary to achieve that.
GBP/USD: etermined indicators push the pair sterling against the U.S. dollar to rise, for that we expect a bullish intraday direction to the target of 1.54450 then to the level 1.55000, these expectations require stability of trading above the level of 1.53000.
USD/JPY :We expect a bullish intraday direction; first of its targets are around 93.35. Momentum indicators are approaching oversold areas and thus; supporting this expected bullish rebound.
The pair euro against U.S. dollar traded in a narrow range diagonally upward during the Asian session, the highest price was at 1.36653 and the lowest price was at 1.36021, the pair trading now around the level of 1.36511.
The pair sterling against the U.S. dollar traded in a narrow range diagonal upward during the Asian session, the highest price was at 1.54381 and the lowest price was at 1.53698 the pair trading now around the level of 1.54226.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian session between the highest price at 93.371 and the lowest price at 93.16 , the pair trading now around the level of 93.351.
Market Expectations
EUR/USD : We expect an upside move today targeting 1.3787 and requires stability of trading above the level of 1.35250, A slightly downside correction might be seen due to negative momentum present over four-hour basis.
GBP/USD :Sterling against the dollar continues to fluctuate around the focal support areas of 1.53850 we expect further upside movement over intraday basis targeting 1.54990 and 1.55650, these expectation require stability of trading above the level of 1.52950.
USD/JPY :We expect a bullish intraday direction; first of its targets are around 94.00. Momentum indicators are approaching oversold areas and thus; supporting this expected bullish rebound.
EUR fell against the dollar, currently trading at levels of 1.36374 after hitting its highest level at 1.36667 and the lowest level at 1.36296; on the other hand, this down movement may continue to the level of 1.36000.
The pair sterling against the U.S. dollar rose during the Asian session to achieve the highest level at 1.55217, and the lowest level was at 1.54590, the pair trading now around the level of 1.55082.
Finally the pair U.S. dollar against the Japanese Yen traded in a narrow range during the Asian session between the highest level at 93.523 and the lowest level at 93.187 , the pair trading now around the level of 93.307.
Market Expectations
EUR/USD : Today we expect a bearish direction for the pair euro against the U.S. dollar to touch the support level at 1.35900 to get rid of the negative signs that show through determined indicators , followed by upward turning point for the pair to achieve the target of 1.37250 then 1.37850 , these expectation require stability of trading above the level of 1.35250.
GBP/USD :Today, we expect for the pair sterling against the U.S. dollar some volatility around the level of 1.55000 before continuing the journey towards to the target of 1.56650 boarding at the corrective level at 61.8% Fibonacci, these expectations require at least the stability of the trading today above the level of 1.54500.
USD/JPY :We await a clear breach for the neckline at 93.650, which will open the way towards targets at 94.450 and 95.350. Our expectations are supported by upside signals from Stochastic, which require steady trading above 92.550.
The pair euro against U.S. dollar traded in a narrow range during the Asian session, the highest level was at 1.35846, and the lowest was at 1.35322, the pair trading now around the level of 1.35407.
The pair sterling against the U.S. dollar also traded in a narrow range during the Asian session, the lowest price for the pair was at 1.54120 and the highest price was at 1.55059, the pair now trading around the level of 1.54170.
Finally the pair U.S. dollar against the Japanese Yen traded during the Asian session between the highest level at 93.141 and the lowest level at 92.592 , the pair trading now around the level of 92.647.
Market Expectations
EUR/USD :The pair euro against the U.S. dollar can cover the price gap which was achieved previously, we expect today that the pair will touch the support level at 1.34800 then turns up to the level 1.36250, Determined indicators show saturation in sales, which leads us to expect that that, stability of trading above the level of 1.34800 necessary to achieve those expectations.
GBP/USD :The level of 1.53800 is strong support for the pair sterling against the U.S. dollar, the pair approaching to get rid of the negative signs that are shown through the determined indicators. Therefore today we expect an upward trend to the level of 1.55450 then to the level of 1.56350, closing a four hour over the level of 1.53800 necessary to achieve these expectations.
USD/JPY :The pair U.S. dollar against the Japanese Yen stabilized below the 50 MA make us expect a bearish intraday direction that will start with a clear breach for the mentioned support targeting 91.550, this requires a stable trading below 93.620.
The euro dollar pair consolidated between a low of 1.34373 and a high of 1.34973, while it is currently trading around the level of 1.34432.
The pound dollar pair fell slightly recording a low of 1.52110 and a high of 1.53149, and the pair is trading in the oversold area, while it is currently trading around the level of 1.52141.
Finally, the U.S. dollar against the Japanese Yen is fluctuating between a high of 92.210 and a low of 91.741 while it is currently trading around 91.780.
Market Expectations
EUR/USD :Today, we expect to the pair euro against the U.S. dollar contact with the support level at 1.33900 and then followed by a rebound to the level 1.35250; determined Indicators show a signs of approaching saturation in the sales, stability of trading above the level of 1.33350 is necessary to achieve these expectations.
GBP/USD :The pair managed to achieve the support for the rising wedge through the price gap that has been achieved with opening trades this week; we expect that this decline does not exceed the level of 1.51500 then followed by a rebound to covering the price gap at the level of 1.53730.
USD/JPY :The pair is close to retesting breached resistance that has currently turned into support at 91.450, and momentum indicators are near to entering oversold areas, this leads us to expect an upward trend during the trading today, stability of trading above the level of 90.900 necessary to achieve these expectations.
The euro dollar pair traded in a narrow range consolidating between a low of 1.34580 and a high of 1.35012, while it is currently trading around the level of 1.34612.
The pound dollar pair traded in a narrow range recording a low of 1.52896 and a high of 1.53428, while it is currently trading around the level of 1.52934.
Finally, the U.S. dollar against the Japanese Yen is fluctuating between a high of 92.702 and a low of 92.382 while it is currently trading around 92.604.
Market Expectations
EUR/USD :Today, we expect to the pair euro against the U.S. dollar to move downwards towards the target of 1.34080 then 1.33350, Stochastic indicator supports these expectations, stability of trading below the level of 1.35250 is necessary to achieve these expectations.
GBP/USD :The pair sterling against the U.S. dollar fluctuated around the support level at 1.53250 with the emergence of negative signals through Stochastic indicator , which makes us expect the downward trend for the pair to the target 1.52450 and then to the level of 1.51700.
USD/JPY :We expect a bearish intraday trend today; targets initially 91.650 and require the four-hour candlestick closing to remain below 93.000. Determined Indicators support this expectation in addition to the stability of trading below the moving average 50.
