EUR/USD keeps trying to push through the support at 1.3335/28, a breach of which will pave a way towards the key level at 1.33. A sell-off beyond that point may be postponed, given the significance of the level. As suggested by some of the monthly technical indicators, there is likely to be an upward correction, possibly up to 1.35, before the currency pair posts a new low since the last quarter of the previous year.
|EURUSD Pivot Levels||Pivot||Woodie||Fibonacci|
As implied by the near-term technical studies, the British Pound continues to cede ground against the Dollar. The closest support that may bring relief is 1.6768/33, which mainly consists of the monthly S1 and 200-day SMA. A little lower, standing next to 1.67, is the May low, which is also likely to interfere and make it difficult for the bears to push the price South. Accordingly, a risk of a pull-back is presently increasing.
|GBPUSD Pivot Levels||Pivot||Woodie||Fibonacci|
USD/JPY is currently testing a cluster of supports at 101.97/82, which is considered to be able to stop the pull-back and return the pair to a bullish path. However, there are less and less technical indicators that point North, and we may see a deeper correction before the bullish momentum is fully restored. There are still important supports at 101.53 and 101.13/100.95 that have the potential to send the U.S. Dollar higher against the Yen.
|USDJPY Pivot Levels||Pivot||Woodie||Fibonacci|
USD/CHF remains unable to cross 0.91, as it keeps getting pushed back after every attempt to get closer to the 2014 high. And while the daily indicators are still optimistic, neither weekly nor monthly studies are currently supporting appreciation of the Buck. It seems the price may undergo a downward correction prior to a successful attack on 0.91. A dense demand area between 0.90 and 0.89 in this case should underpin the rate.
|USDCHF Pivot Levels||Pivot||Woodie||Fibonacci|