Forex Technical Analysis For U.S Session

the euro

EUR: The single currency eased after intra-day initial rise to 1.3724 and indicated sell orders from Asian CBs are still seen at 1.3730-50 area and further out at 1.3770-80 (more stops above), fresh selling interest should emerge around 1.3790-1.3810 (related to option barrier at 1.3800). On the downside, bids remain at 1.3670-80 and 1.3650-55 with stops building up below 1.3645, more buying interest is located at 1.3600-20 area and 1.3600 (more stops below figure), fresh demand should emerge around 1.3550-60.

 

GBP: The British pound slipped today in London, retreated after intra-day initial brief rise to 1.6823, bids at 1.6750-60 were filled but buy orders are still seen further out at 1.6700-10, fresh demand should emerge around 1.6650-70 area with stops building up below 1.6670 and 1.6650. On the upside, offers are now noted at 1.6750 and 1.6790-00, more sell orders are tipped from 1.6820 up to 1.6850 and 1.6875-80, more selling interest is located at 1.6890-00 (more stops above figure).

 

CHF: The greenback recovered after finding good support just above 0.8900 but offers in good size are still noted at 0.8940-50, 0.8970 and 0.9000-10, sell orders in good size are tipped at 0.9040, mixture of offers and stops is reported at 0.9065. On the downside indicated bids are still seen at 0.8900-05 with stops remain below figure, fresh demand is tipped at 0.8870-80, followed by mixture of bids and stops located at 0.8860, more buy orders should emerge around 0.8820-30.

JPY: Dollar has rebounded after intra-day initial fall to 101.39, offers are still noted at 102.00-10 with stops placed above 102.20, sell orders remain at 102.40 and in good size from 102.60 up to 103.00 (stops above 102.75-80 and 103.10), fresh selling interest should emerge around 103.20 and 103.40-50 (stops above). On the downside, some bids are now noted at 101.55-65 and in good size at 101.30-40, more buy orders are reported at 101.00-10 (more stops below 100.90), fresh demand should emerge around 100.80-90 and at 100.50-60.