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

EURUSD
The rate has bounced off 1,4810 and right now it is heading towards 1,4920. Above this level we expect a rebound up to 1,5000. Below 1,4810 we expect a drop to 1,4755 or even 1,4710 if the sales tendency continues further.

GBPUSD
If the rate stays above 1,8980 it should climb up towards 1,9100. Below 1,8980 we expect drops even to 1,8880.

USDJPY
We can see a strong resistance at 110,70. From below this pair is limited by support at 109,20.

USDCHF
The nearest resistance is at 1,0960 and above this level 1,1000 is seen as a very strong psychological resistance level. Drops are limited by 1,0810 and in case this level is broken further declines can reach 1,0750.

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