EURUSD after an uncertain opening is trading in the range between the levels of 1.0925 and 1.0951 in anticipation of the start of the European trading session. As the main scenario for today, we will consider a decline of the pair to the levels of 1.0901 and 1.0882. However, if the pair finally manages to gain a foothold above the upper limit of the range, then the levels of 1.0977 and 1.1003 will be possible targets for further growth.
GBPUSD during the Asian session was not interesting for traders and now the pair continues to trade in the same range with which it finished last week – between the levels of 1.2448 and 1.2482. Today we will expect another attempt to break through the upper limit of the range, and everything suggests that this attempt will fail and the pair will roll back to levels 1.2404 and 1.2360. However, we can’t exclude the option of a breaking upwards – in this case, the potential for further growth to levels 1.2512 and 1.2537 will be opened.
USDCHF at night could not gain a foothold above the level of 0.9660 and is now trading in the range between 0.9645 and 0.9660. Nevertheless, in the coming hours the possibility of the pair to grow is rather high, and the levels of 0.9674 and 0.9688 may become the nearest targets. In case of a final turn down, possible targets would be the levels of 0.9634 and 0.9621.
USDJPY is testing the level of 108.00 from above and demonstrates its intention to break through it. In this case, we will look for possible target levels around 107.77 and 107.45. If the pair fails to gain a foothold below 108.00, then the nearest possible growth targets will be levels 108.27-108.53-108.72.
AUDUSD is also waiting for the start of European trading near the level of 0.6333. Today the pair is likely to grow to the maximum of last week – the level of 0.6363, after which the opportunity will be opened to reach the level of 0.6408. In case of a significant decline below the level of 0.6333, the nearest targets below may be the levels of 0.6301 and 0.6271.
USDRUB has been gradually declining all last week, but this week we will not expect such a directional movement. Opening of trading is expected at 73.60 with the possibility of technical growth to 74.27. The possible lower border for today is the level of 73.15.
USDCAD is near monthly lows and demonstrates its intention to update them. An indicator of further decline will be the level of 1.3940. If the pair gains a foothold below, the nearest targets for the decline may be the levels of 1.3921 and 1.3900, with the prospect of a decline to 1.3880. If the pair goes into the upward correction, then the possible target levels will be 1.3987 and 1.4009.
Gold made an attempt to break through the level of 1690.00 up again, and again rolled back to 1680.00. An obvious uptrend gives reason to expect today repeated attempts to grow to the level of 1690.00 and further – to the level of 1702.00. In the case of a downward correction, the nearest targets may be the levels of 1673.50 and 1667.00.
Brent traded in a small range at night and is now limited by the level of 31.88 from above. However, during the European session we will consider a decline to the levels of 31.23 and 30.91 as the main scenario. Probability of growth to levels 32.21 and 32.53 also exists, but this will be a backup plan.
Bitcoin plummeted at the start of trading this week – more than $ 500 dollars down. Now the instrument is being traded near the level of 6705.00 with a prospect of a further decline to the levels of 6658.00 and 6610.00, these are the nearest possible targets. In case of correction upwards, the levels 6753.00-6801.00-6840.00 can become local targets of growth.
We are in Telegram
Forecasts should not be considered as guidance for trading.