Currency Pair Daily Forecasts

EUR/USD Daily Technical Reports

Consolidation of the 1.3550/1.3925 move up persists above the 21.4% retracement support at 1.3845. Just about every major oscillator on the dailies is in the process of rolling over from overbought readings seen last week. Prices now using the 21-day MLR as day's top at 1.3885-90. Sell fails there with a tight stop.

GBP/USD Daily Technical Reports

The prospects for a fresher lower top by 2.0366 look promising with ultimate confirmation to be given on a break back below 1.9655. In the interim, look for the 100-Day SMA which now comes in by 2.0060 to cap on rallies, with only moves back above today's high by 2.0093 delaying the USD rally. Next key support comes in at 1.9840 by 200-Day SMA.

USD/CHF Daily Technical Reports

Upward correction of last week's false break to new multi-yr lows and from o/s daily study readings is so far holding within Fri's ranges. Key resistance is at 1.1930/35 today, where the 10-day MA and the 38.2% of the 1.2155/1.1805 move reside. Fri's high at 1.1925 is the initial hurdle. Flat until first Fibo is tested.

Finotec Group Inc.


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