Good morning. Herewith we are presenting our commentaries on the today's currency market situation.

EURUSD
The pair is still staying in the range set yesterday, that is 1,4665-1,4840. An upside rebound should reach 1,4910. If the rate breaks through 1,4665 we expect a drop at first to 1,4630 and to 1,4550 later on.

USDJPY
Rise to 109,20 is expected and afterwards decline to 108,10.

USDCHF
Still maintains in range 1,0900-1,1010. Above the upper limit there is a chance for a rise to 1,1070 and below 1,0900 the rate should fall to 1,0840.

GBPUSD
The rate is heading towards 1,8590 and unless this level is defended, the slide will continue to 1,8520. Only a rebound above 1,8770 will make longer gains possible.

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