Good morning. With great pleasure we would like to present our currency market commentaries for today.

EURUSD
We expect range of trading between 1,4665-1,4840. If the lower limit of this range is broken, decline to 1,4630 or even 1,4550 should take place. Possible upside rebound can reach 1,4910.

USDCHF
The pair is seen in range 1,0890/1,0900-1,1000/1,1010. Above 1,1010 there is a chance for a rise to 1,1070.

USDJPY
The rate is heading towards 110,60 and afterwards drop to 109,80 is expected.

GBPUSD
We expect a rise to 1,8690 and unless the rate breaks through this line of resistance drop to 1,8590 or even 1,8520 is expected. Otherwise there is a chance for longer gains, but 1,8770 has to be surpassed.

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