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The euro is in a short-term downward channel. The price bounced off its lower end and approached its upper one. The resistance resides at 1.1950, the support comes in at 1.1900.

The single currency approached a strong resistance at 1.1950. The pair’s behavior around the hurdle will determine its near term dynamics.



Bulls led the price to 1.3600 on Friday. A new obstacle stopped bulls who preserved enough strength to stay around the level afterwards. The resistance lies at 1.3600, the support comes in at 1.3500.

The pound may get under selling pressure soon amid some profit-taking actions. The price may decline to 1.3400 in this case.



A new wave of buying interest emerged in the night and pushed the pair from the red region back to its peaks. The spot approached the 111.00 hurdle in the late European session and retook the level without any hesitation. The pair maintained its bid tone afterwards and was able to advance to 111.30 by the NY opening. The resistance lies at 112.00, the support comes in at 111.00.

If buyers remain in the driver’s seat they may extend their gains and push the spot to 111.50-111.70.



The pound kept trending up on Friday. The major started the day at 146.50 and was able to reach 152.00 during the course of the Asian and European sessions. The resistance lies at 152.00, the support is at 151.00.

The upward trajectory is likely to be continued. We may see a test of the 152.00 hurdle soon.



The rebound from 130.50 lifted EUR/JPY from the red. The euro caught a fresh bid-wave in the night and preserved a bid tone during the Asian and European sessions. The resistance lies at 133.00, the support lies in at 132.50.

The pair needs to stay above 132.50 to preserve its upward structure. If buyers remain in control the spot may reach 133.00. Otherwise, we could see a rebound towards 132.00.



The US dollar recovery stalled at 1.2200.  Buyers just pierced the level buy failed to settle above it. A new wave of selling pressure emerged after that and sent the market to 1.2100. The resistance is at 1.2200, the support stands 1.2100.

The overall outlook remains bearish for a decline towards the 1.2060 support area.



Traders keep DAX in near-term directionless mode. The index is confined to a well limited range above 12500.The resistance lies at 12600, the support exists at 12500.  

We believe the DAX index will extend its range bound stance unchanged on Friday.



The market seems fairly balanced amid a lack of market movers. S&P500 trades flat staying in a sideways range between 2492-2496.The resistance lies at 2500, the support exists in at 2490.

We believe the index will remain in the current in the coming sessions.

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