The euro remained under pressure due to the bid sentiment around the dollar. The single currency broke through 1.1950 and headed towards 1.1900. The resistance resides at 1.1950, the support comes in at 1.1900.
We will remain bullish until we see a break below 1.1900. We expect a rebound in the coming sessions and a move towards 1.2000.
Bulls found a decent resistance at 1.3200. The level appeared to be well defended by sellers and rejected the spot downwards. The price bounced off the level and reached 1.3150 during the night trades. However, the morning brought a bid sentiment which launched a fresh rally. The pair broke 1.3200 and jumped to 1.3290. The resistance lies at 1.3300, the support comes in at 1.3200.
The overall outlook remains bullish and risks 1.3300 now.
The undertone for USD is clearly positive right now. The major remained well bid during the night and day trades. Buyers were able to break 109.00 and advanced up to 109.80 during the course of the European trades. The resistance lies at 110.00, the support comes in at 109.00.
The pair now seems to be heading towards its immediate resistance at 110.00.
The pound kept its upbeat tone unchanged vs. its Japanese peer. Buyers pushed the price to 144.00 and broke the level in the night. The spot extended its rally during the European hours. Buyers led the price to 145.00 and regained the level afterwards without any hesitation. The spot reached 145.70 by the NY opening. The resistance lies at 146.00, the support is at 145.00.
After a close above the resistance at 145.00 the pair GBPJPY may extend its growth to 146.00.
The euro had another positive day on Tuesday. Buyers reclaimed 131.00 and advanced to 131.20 during the day session. The resistance lies at 131.50, the support lies in at 131.00.
All eyes are right now at the resistance level 131.50.
The USD/CAD pair remained under pressure flirting with 1.2100. The resistance is at 1.2200, the support stands 1.2100.
Sellers do not have enough steam to push the pair lower. We expect a pullback and the US dollar recovery to 1.2200.
DAX opened in the green on Tuesday. The benchmark started the day around 12500. Buyers broke the level in the early European trades and continued pushing the index upwards after that. The resistance lies at 12600, the support exists at 12500.
We assume the market will continue its upward trajectory today. The next level to focus on is 12600.
NASDAQ extended its bullishness and was able to reach the 6000 hurdle on Tuesday. The resistance lies at 6000, the support exists in at 5960.
If benchmark stays close to 6000 the index may reclaim this level in the coming sessions.
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