U.S. Dollar under pressure

U.S. dollar under pressure

EURUSD Euro / dollar can break the current resistance

Yesterday the EUR / USD rose from 1.3475 support to 1.3555 resistance. Positive against stored pairs, as well as the demand level of 1.3518. Apparently, the bulls for the pair intend to break the resistance. If they succeed, it will be possible to count on the euro into the direction of the 37th figure, which can possibly activate sellers. In turn, the inability of the EURUSD to overcome the level may lead to profit-taking on long positions and, therefore, the depreciation of the pair. In this case, it can not avoid testing the 34th figure.

 eurusd01.10.2013




GBPUSD Bullish pound / dollar in force

The uptrend in the pound / dollar remains in force. The pair rebounded yesterday from support at the level of 1.6131 and rose to 1.6202. In the Asian session, the growth continued, and the pound tested the 1.6246 mark. The next target for the pair of bulls looks 63rd figure, but because of overbought conditions, this goal can not be achieved in the short term. The nearest support is on the way to the 61 th figure. A drop below 1.5954 will weaken the bullish momentum. On the upside, 1.6300 is possible to consider the possibility to open a short-term short positions.

 gbpusd01.10.2013




USDCHF bears on the dollar / franc 0.9000 intend to test the lows

Pressure on the dollar / franc remains, therefore, attempts to increase for the pair capped at 0.9068 and support around 0.9000 level attracts buyers. While the bears can not break below 0.9020, it seems that the testing 0.9000 support can not be avoided. Its breakdown will open the way to 0.8930. To weaken the dollar bearish pressure to go back and consolidate above the 91 th figure, but at this stage it looks unlikely.

 usdchf01.10.2013




USDJPY dollar / yen may fall to 97.00

Reduced dollar/yen to 97.50 attracted buying interest, against which the dollar could rise to the level of 98.72. Here sellers again proved, and the pair returned to the 98th figure. Nonetheless, this pair makes it difficult to predict movements in it, but as long as the dollar is trading below 99.00, the pressure on it will be preserved, along with the pressure that will continue and the chances to drop to 97.00. The loss of this support significantly spoil the prospects for the dollar, and a drop below 96.00 would confirm the development of large-scale downward correlation.

usdjpy01.10.2013




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