EURUSD testing important levels

EURUSD is currently looking to test some important level at the moment. A good resistance can be seen at 1.3670 and EURUSD touched it once yesterday and might look to test it once again.

If EURUSD managed to continue the current upward momentum and managed to break that level, then we will be looking EURUSD heading towards 1.3780 level and see the upward trend initiated.

Keeping the current scenario in mind, it is most probable that we might see EURUSD taking a dip and heading back to its target at 1.3500 level. Once EURUSD breaks that level again, we will be looking at EURUSD targeting 1.3320 level next.

EURUSD resuming trend

EURUSD took a good dip last week and also took a very good retrace and looks like it is settling into its downward trend and we might be looking at EURUSD going towards 1.3500 level.

Once EURUSD manages to break below 1.3500 level, we will be looking EURUSD aiming next below 1.3400 level and continuing its downward momentum.

As far as upward move is concerned, 1.3715 is an important level and if EURUSD manages to break that level, we might be looking at start of long term upward trend.

EURUSD overloaded

EURUSD took a good extended dip during this week and the momentum seems to run into next week as well. Although the RSI is on getting very low but EURUSD seems to managing quite nicely by taking retracements which also is providing traders with opportunities.

Keeping the current moment into mind, we might see EURUSD taking retrace from here towards 1.3600 level and then resume its downwards trend. The next target for EURUSD seems around 1.3325 level.

On the upper side if EURUSD breaks above 1.3600 level, then we will be looking EURUSD targeting 1.3780 level but the current scenario suggests that mostly traders will be looking to sell EURUSD at the moment.

EURUSD getting ready for a dip

EURUSD was traded sideways with low volume for couple of days and its RSI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level.

A good selling level is present just around 1.3680 and EURUSD already touched it one today and traders should look to sell EURUSD around that level for a nice trade with targets below 1.3600 level.

On the upper side, if EURUSD breaks 1.3680 level, then we will see EURUSD heading towards 1.3800 level but we expect more selling pressure today and EURUSD to resume its downward trend.

USDJPY looking to break the tight range

USDJPY is being traded in a tight, sideways trend and it seems that it is approaching a point where it is ready to break to a side and form a trend.

The first focus level is at 90.40 and break of this will take USDJPY towards 93.00 level but it seems that it might not be able to do so. And also we might see some aggressive traders selling for prices above 90.00 level.

On the lower side 89.75 is an important level and USDJPY should break below this level to continue long term selling trend and once USDJPY breaks below that level, the next target can be seen around 88.60

USDJPY being traded in tight range

USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level.

Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages to break 88.75 or 90.25 level, we might see the scenario clearing up for long term trades.

USDCHF looking to complete its retracement

USDCHF seems to be completing its retracement and is looking to do so just around 1.0530 level. USDCHF is expected to resume its upward trend again from 1.0530 level. If USDCHF manages to continue its downward trend and break of 1.0530 will mean that its next target will be somewhere around 1.0450 level.

On the upper side, its initial target will be around 1.0640 level and continuation of its upward trend will lead USDCHF above 1.0700 level. RSI was on the higher side but current retracement has opened up it considerably to allow it to make a move towards 1.0640 level.