EUR/USD Could Climb Higher While USD/CHF Might Decline

EUR/USD is showing positive signs above the 1.1080 level and it could rise steadily. USD/CHF is currently correcting lower and it might start a major downside correction.

EUR/USD Technical Analysis

After a fresh decline, the Euro found support just above the 1.1070 level against the US Dollar. The EUR/USD pair formed a support base near 1.1075 and recently started a decent upward move.

A swing low was formed near 1.1073 on FXOpen and the pair corrected above the 50 hourly simple moving average. Moreover, there was a break above the 1.1080 and 1.1100 resistance levels.

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GBP/USD Could Continue Higher, USD/CAD Is Correcting Lower

GBP/USD remained well bid above the 1.2800 area and recently started a fresh increase above 1.2875. USD/CAD topped near the 1.3200 area and it is currently correcting lower.

GBP/USD Technical Analysis

After a downside correction, the British Pound found support near the 1.2800 area against the US Dollar. The GBP/USD pair formed a support base near 1.2810 and started a fresh increase.

The pair broke a few important resistances near the 1.2850 level to move into a positive zone. Moreover, there was a break above the 1.2880 barrier and the 50 hourly simple moving average. Finally, the pair climbed above the 1.2900 level and traded as high as 1.2975 on FXOpen.

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GBP/USD and EUR/GBP: British Pound Could Decline Further

GBP/USD faced an increase in selling pressure below the 1.2880 pivot level. EUR/GBP is currently correcting higher and it might trade towards the 0.8650 resistance area.

GBP/USD Technical Analysis

The British Pound started a fresh downward move from well above the 1.2950 level against the US Dollar. The GBP/USD pair declined steadily below the 1.2900 and 1.2840 support levels.

Moreover, there was a close below the 1.2840 level and the 50 hourly simple moving average. It opened the doors for more losses below the 1.2800 level. Finally, the pair traded as low as 1.2768 on FXOpen.

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AUD/USD Is Tumbling While NZD/USD Is Recovering

AUD/USD is under a lot of pressure below the 0.6850 and 0.6820 support levels. Conversely, NZD/USD is climbing higher and it could even surpass the 0.6400 resistance area.

AUD/USD Technical Analysis

In the past few days, there was a steady decline in the Aussie Dollar from well above the 0.6850 support against the US Dollar. The AUD/USD pair broke a couple of important hurdles near 0.6820 to start a downtrend.

The decline was such that the pair settled below the 0.6820 level and the 50 hourly simple moving average. Finally, the pair traded below the 0.6800 level and traded to a new weekly low at 0.6769.

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EUR/USD Could Rise Further, USD/JPY Facing Hurdles

EUR/USD is trading with a positive bias above the 1.1060 support area and it could continue to rise. Conversely, USD/JPY is facing a lot of hurdles near 108.80 and it might decline again.

EUR/USD Technical Analysis

The Euro formed a decent support base near the 1.1010 level and started an upward move against the US Dollar. The EUR/USD pair gained bullish momentum after it broke the key 1.1040 resistance area.

The upward move was strong as the pair even broke the 1.1060 resistance and settled above the 50 hourly simple moving average. It opened the doors for more gains and the pair traded towards the 1.1100 level.

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GBP/USD and EUR/GBP: British Pound Trimming Gains

GBP/USD is currently correcting higher after a sharp decline towards the 1.2820 support area. EUR/GBP is currently holding supports and it could rise towards 0.8600 in the near term.

GBP/USD Technical Analysis

The British Pound made a couple of attempts to clear the 1.2970 resistance area against the US Dollar. The GBP/USD pair failed to continue higher and started a fresh decline below the 1.2950 support.

The pair declined steadily below the 1.2920 support area and the 50 hourly simple moving average. Moreover, there was a break below a major bullish trend line with support near 1.2920 on the hourly chart of GBP/USD.

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EUR/JPY and GBP/JPY Primed For More Gains

The Euro and British Pound are gaining bullish momentum against the Japanese Yen. Both EUR/JPY and GBP/JPY are likely to continue higher above 120.50 and 142.00 respectively.

EUR/JPY Technical Analysis

After a bearish reaction, the Euro found support near the 119.70 level against the Japanese Yen. The EUR/JPY pair started a decent upward move and broke the main 120.00 resistance area.

The upward move was strong as the pair surged above the 120.20 and 120.40 resistance levels. Moreover, there was a break above a connecting bearish trend line with resistance near 120.20 on the hourly chart.

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EUR/USD Recovering While USD/JPY Tumbling

EUR/USD started a fresh increase and it recently traded above the 1.1035 resistance area. Conversely, USD/JPY is under a lot of selling pressure and it traded below the 109.00 support area.

EUR/USD Technical Analysis

The Euro remained well bid above the 1.0980 support area against the US Dollar. As a result, the EUR/USD pair started a fresh increase above the 1.1000 and 1.1020 resistance levels.

During the recovery, the pair broke a major resistance area near the 1.1035 level. Moreover, there was a close above the 1.1050 level and 50 hourly simple moving average. It opened the doors for more gains and the pair traded towards the 1.1090 level.

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GBP/USD and EUR/GBP: British Pound Surging

GBP/USD is gaining momentum and it recently climbed above the 1.3080 resistance area. EUR/GBP is declining and it seems like it could decline further below 0.8400.

GBP/USD Technical Analysis

The British Pound started a strong rise from the 1.2880 support area against the US Dollar. The GBP/USD pair rallied above many resistances near 1.3000 to move into a solid uptrend zone.

Moreover, there was a break above the 1.3080 resistance and the 50 hourly simple moving average. Finally, there was a break above the 1.3100 level and the pair traded as high as 1.3165 on FXOpen.

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AUD/USD And NZD/USD Primed For More Gains

AUD/USD started a strong increase from the 0.6840 support and it climbed above the 0.6900 resistance. NZD/USD is also climbing higher and it is trading nicely above the 0.6600 resistance area.

AUD/USD Technical Analysis

In the past few days, there was a steady recovery in the Aussie Dollar from well below the 0.6840 level against the US Dollar. The AUD/USD pair broke a couple of important resistances near 0.6850 to enter a positive zone.

The upward move was such that the pair even climbed above the 0.6900 resistance and settled above the 50 hourly simple moving average. Finally, the pair traded as high as 0.6938 and it is currently correcting lower.

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GBP/USD Recovering While USD/CAD Diving

GBP/USD found support near 1.2900 and it is currently recovering above 1.3000. Conversely, USD/CAD is diving and it could continue to slide below 1.3060.

GBP/USD Technical Analysis

This past week, the British Pound declined heavily from well above the 1.3200 level against the US Dollar. The GBP/USD pair even broke the 1.3000 support area to trim most its gains.

Finally, the pair found support near the 1.2900 area and recently started an upside correction. A low was formed near 1.2905 on FXOpen and there was a break above a major bearish trend line with resistance near 1.2980 on the hourly chart of GBP/USD.

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EUR/USD And USD/JPY Facing Key Hurdles

EUR/USD is currently correcting higher, but it is facing hurdles near the 1.1175 and 1.1180 levels. Similarly, USD/JPY is moving towards a major breakout resistance at 108.50.

EUR/USD Technical Analysis

Recently, the Euro extended its decline below the 1.1200 support area against the US Dollar. The EUR/USD pair broke the 1.1175 support level and tested the next support near 1.1135.

A low is formed near 1.1134 on FXOpen and the pair settled below the 50 hourly simple moving average. It is currently correcting higher and trading above the 1.1150 level.

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