The EUR/USD trades lower in range, weighted by Greek and Italian woes. Hourly chart shows price contained below 20 SMA, while indicators gain bearish tone below their midlines. In the 4 hours chart, indicators are mostly flat, while price is also contained below a flat 20 SMA, showing no much strength. The pair has set an intraday low at 1.3681, while stronger support lies around 1.3660: only below this last the bearish momentum may extend towards 1.3610 area, past week low.
Support levels: 1.3755 1.3710 1.3660
Resistance levels: 1.3780 1.3820 1.3850
The GBP/USD trades also in a quiet range this low volume Monday, holding a limited bullish tone in the hourly chart, as per indicators barely above their midlines and price holding above 20 SMA. Not much definition in the forex market today, pair has reached a daily high round 1.6080; with 4 hours chart showing a slightly bullish momentum, break above this last may push the pair near 1.6120 over the upcoming hours.
Support levels: 1.5970 1.5920 1.5870
Resistance levels: 1.6040 1.6080 1.6120
Investors are still ignoring the pair after latest intervention movement from BOJ past November 1st that trades without trading just around 78.00. The hourly chart still shows as well as the 4 hours one while 100 DMA lies around 77.70 gaining bearish tone, which suggest gains will remain limited. The COT report shows retails are massively buoyed in the pair, adding to the bearish long term trend view.
Support levels: 77.90 77.70 77.45
Resistance levels: 78.35 78.60 79.00
The USD/CHF soared to 0.9030 early Europe, supported by weekend comments of SNB members, reaffirming their determination to keep the Swissy weak. The pair however, was unable to hold above the 0.9000 strong mark and retreated to current area in corrective move, although holding a bullish tone according to the hourly chart: 20 SMA has a clear bullish slope while indicators while indicators are heading slightly higher above their midlines. 4 hours chart is also bullish, as long as price holds above 0.8930 immediate static support and Fibonacci level
Support levels: 0.8930 0.8890 0.8845
Resistance levels: 0.9000 0.9030 0.9080
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