Good morning. Herewith we would like to present our currency market forecasts for today.

EURUSD
After yesterday's rebound towards highs at 1,4880, the pair has returned below 1,4770. It is at least a correction of recent gains and unless the rate climbs above 1,4770 in the morning hours, drop to 1,4710 or even 1,4660 is expected.

GBPUSD
Drops to 1,8510 should be used to go long with take profit order set at 1,8670 or even 1,8740.

USDJPY
The rate may test resistance level at 106,10/20 however we expect decline to 105,30 and afterwards 104,70.

USDCHF
Gains to 1,0790/1,0800 area we suggest using as a good point to open short positions with destination targets set at 1,0730 and 1,0620 later on.

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