Euro continues to be supported by a number of factors.
Asian and European trading sessions:
Euro: On Tuesday morning we saw strengthening of the euro. German Chancellor, Angela Markel supported the euro by expressing confidence in the soon rehabilitation from the Euro-zone economic crises. ECB reconfirmed its readiness to render additional financial help to Greece, which continued to have a positive influence on the euro as well. As a result, the EUR/USD strengthened above the $1.4600 level.
The Euro-zone important news’ releases - EU retail sales and Germany Factory Orders – showed better than expected results.
Daily maximums were reached at the $1.4680 level during the European trading session.
British Pound: The sterling followed the euro and the GBP/USD pair grew to the $1.6370 mark. Maximums were tested at the $1.6470 mark.
Japanese Yen: Minimums of the USD/JPY pair were reached at the Y79.96 level. Later on the pair rehabilitated.
Australian Dollar: The Reserve Bank of Australia left its principal rate unchanged at the previous level of 4.75%. The Australian dollar rate decreased against the American dollar. The RBA supporting message stated that the current policy measures were appropriate.
Oil: Oil prices demonstrated some decrease to the $98.57 level per barrel.
American trading session:
US Dollar: The USD Consumer credit for April showed higher figures, compared to forecasted level.
https://forex-metal.com/news_posts
Technical analysis for 8/06
EURUSD
The pair is aiming to 1.47342.
Resistance: 1.47342, 1.48550, 1.50630
Support: 1.46222, 1.44400, 1.42996
GBPUSD
The pair has tested Fibonacci retracement 38.2% and declining. If the pair is able to break 1.63316 the pair will decline to 1.62050.
Resistance: 1.64636, 1.65706, 1.67165
Support: 1.63316, 1.62050, 1.60322
USDCHF
The pair has declined to 0.83541.
Resistance: 0.84685, 0.85939, 0.87214
Support: 0.83541, 0.82483, 0.81356
USDJPY
If the pair stays below 80.438 the pair may decline to 79.707.
Resistance: 80.438, 81.399, 82.219
Support: 79.707, 79.070, 78.345
AUDUSD
The pair has broken 1.07005 and aiming to 1.06164.
Resistance: 1.07005, 1.07739, 1.08413
Support: 1.06164, 1.05332, 1.04407
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: On Tuesday morning we saw strengthening of the euro. German Chancellor, Angela Markel supported the euro by expressing confidence in the soon rehabilitation from the Euro-zone economic crises. ECB reconfirmed its readiness to render additional financial help to Greece, which continued to have a positive influence on the euro as well. As a result, the EUR/USD strengthened above the $1.4600 level.
The Euro-zone important news’ releases - EU retail sales and Germany Factory Orders – showed better than expected results.
Daily maximums were reached at the $1.4680 level during the European trading session.
British Pound: The sterling followed the euro and the GBP/USD pair grew to the $1.6370 mark. Maximums were tested at the $1.6470 mark.
Japanese Yen: Minimums of the USD/JPY pair were reached at the Y79.96 level. Later on the pair rehabilitated.
Australian Dollar: The Reserve Bank of Australia left its principal rate unchanged at the previous level of 4.75%. The Australian dollar rate decreased against the American dollar. The RBA supporting message stated that the current policy measures were appropriate.
Oil: Oil prices demonstrated some decrease to the $98.57 level per barrel.
American trading session:
US Dollar: The USD Consumer credit for April showed higher figures, compared to forecasted level.
https://forex-metal.com/news_posts
Technical analysis for 8/06
EURUSD
The pair is aiming to 1.47342.
Resistance: 1.47342, 1.48550, 1.50630
Support: 1.46222, 1.44400, 1.42996
GBPUSD
The pair has tested Fibonacci retracement 38.2% and declining. If the pair is able to break 1.63316 the pair will decline to 1.62050.
Resistance: 1.64636, 1.65706, 1.67165
Support: 1.63316, 1.62050, 1.60322
USDCHF
The pair has declined to 0.83541.
Resistance: 0.84685, 0.85939, 0.87214
Support: 0.83541, 0.82483, 0.81356
USDJPY
If the pair stays below 80.438 the pair may decline to 79.707.
Resistance: 80.438, 81.399, 82.219
Support: 79.707, 79.070, 78.345
AUDUSD
The pair has broken 1.07005 and aiming to 1.06164.
Resistance: 1.07005, 1.07739, 1.08413
Support: 1.06164, 1.05332, 1.04407
https://forex-metal.com/news_posts