Both the GBP and the EURO are located near the technical level of support. In my opinion, Aggressive traders could buy EUROS below 1.2750. USD / JPY to continue trading in New York in a narrow range, maximum recorded in the area of 90.02, with an estimated long as it remains in the 90.50/60 area, the pair will remain stable. The pair recorded in the area minimum of 88.80. To me that the majors are starting the week with narrow ranges and However, the pairs are determined by technical factors. The events to be published in the United States today and tomorrow will be very significant.
It is estimated that in the short term, maintain the levels of support and resistance, and the rest of the currencies are maintained within the minimum and maximum levels recorded. I do not think that the USD to break the trend is everywhere, at least in the coming days. Resistance 3: 1.4250 Resistance 2: 1.4180 Resistance 1: 1.4100 New York: 1.4077 Support 1: 1.3980 Support 2: 1.3920 Support 3: 1.3880 Comments The pair fell again, after rising last week, possibly a correction and a buying opportunity since there were not attained minimum 23 years. Blanchflower’s comments last week added pressure. The pound can maintain the level of support for 1.4300. Stops were placed at 1.4250. It follows a two-way trade and volatility awaits. Several operators are placing short positions.
Technically the pair is trading now. Operating volumes remain low. Tuesday: All times EASTERN (-5 GMT) 4:30 a.m. GBP Construction PMI Resistance 3: 1.2920 Resistance 2: 1.2850 Resistance 1: 1.2820 New York: 1.2756 Support 1: 1.2700/10 Support 2: 1.2650 Support 3: 1.2620 Comments The pair followed low the GBP. The stops were fired in the area of 1.2750. The main resistance level is at 1.3030 again. The pair remained at the level of support in the 1.2700/20. There was a low volume of operations. Sovereign states were observed trading. The technical level remains at 1.3300 and resistance is expected. It is expected that two-way trade. Aggressive traders can buy at the next floor. Tuesday: All times EASTERN (-5 GMT) 2:00 a.m. EUR Retail Sales m / m 5:00 a.m. EUR German PPI m / m foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction.