US Session Technical Analysis All Currency Pairs

Euro currency

EUR: The single currency rallied on higher-than-expected EMU’s CPI data, stops above 1.3780 and barrier at 1.3800 were tripped, some offers are reported at 1.3825-30 and mixture of offers and stops is located further out at 1.3850, sizeable sell orders are expected to emerge around 1.3890-00. On the downside, bids are raised to 1.3770-80 and 1.3740-50, some stops are placed below 1.3720, followed by fresh demand around 1.3690-00 and 1.3660-65.

GBP: The British pound surged initially in London morning on back of the rally in euro, however, cross-selling in sterling dragged cable lower but buying interest is still seen at 1.6675-85 with stops placed below 1.6670, buy orders are expected at 1.6650 and 1.6615-25, more stops are tipped below 1.6600 and in good size at 1.6580. On the upside, offers are noted at 1.6745-50 and 1.6770, more sizeable sell orders are located at 1.6790-00 and further out at 1.6840-50.

CHF: The greenback tumbled against Swiss franc after CPI data, stops below 0.8840-50 and 0.8800 were triggered, mixture of bids and stops at 0.8785-90 is in focus, however, some bids are tipped further out at 0.8740-50 and 0.8700. On the upside, offers are lowered to 0.8820-30 and also at 0.8850, some stops are placed above 0.8875-80, sizeable sell orders remain at 0.8890-00 and 0.8930 (more stops above).

JPY: Dollar rebounded after intra-day fall to 101.55 on cross-selling in yen, however, offers are still seen at 102.20, 102.40 and in good size at 102.60-80 region, more sell orders are tipped at 103.00-20 area (from Asian sovereign names), selling interest is expected further out at 103.40-50 (stops above). On the downside, bids are raised to 101.70-80 and at 101.50-55, mixture of bids and stops is located at 101.30-35 (some are option related), fresh demand should emerge around 101.00-10 (more stops below figure).

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