International Trading

EUR/USD Current price: 1.2703

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Breaking higher as gold bullion jumps to the upside harming dollar across the board, Euro approaches to a daily descendant trend line coming from 1.2922, August 18th high, currently around 1.2740 immediate resistance area for the pair. Holding a bullish tone according to hourly and 4 hours indicators, an acceleration above that level should confirm a bullish continuation today, towards past Friday’s high of 1.2780. Only below 1.2660 pair could reverse intraday bias, not seen at this point.

Support levels: 1.2690 1.2660 1.2620

Resistance levels: 1.2740 1.2780 1.2820

GBP/USD Current price: 1.5403

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Having set a fresh 5-week low around 1.5360, pair is aiming to regain the 1.5400 level on better than expected news in the US: Wall Street futures are slightly up, erasing early loses still pointing for a negative opening. Technically, pair seems exhausted to the downside, suggesting current movement could extend towards the 1.5430/40 resistance area, where 20 SMA strongly bearish could halt the rally. Recovery above that level is needed to see the pair recovering the lost ground.

Support levels: 1.5360 1.5310 1.5280

Resistance levels:  1.5430 1.5470 1.5520

USD/JPY Current price: 84.38

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Still under pressure, pair is bouncing form 84.00 lows, thus still unable to regain the 84.45 immediate resistance zone. Heading higher still far from signals in the hourly chart, pair needs at least to open an hourly candle above 20 SMA around mentioned level, to confirm further intraday gains today. Lose of 84.00 could see a fresh low under previous 83.60 posted past week.

Support levels: 84.10 83.60 83.35

Resistance levels: 84.45 84.80 85.10

USD/CHF Current price: 1.0175

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Swiss Franc extended gains to a fresh 7-month low at 1.0164 reaching oversold conditions in the hourly chart, still holding a strong bearish momentum and capped under 20 SMA. 4 hours chart shows the same picture, suggesting the pair could extend the slide, as long as under 1.0220 immediate resistance zone. Profit taking later on the session could trigger an upside corrective movement, still a fresh bottom could be reached before that takes place.

Support levels: 1.0160 1.0120 1.0080

Resistance levels: 1.0220 1.0250 1.0285




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In this report, you will find the term Bullion.