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

EURUSD
Due to quick reaction of demand from support at 1.3630 this currency rate was pick up to firm resistance at 1.3720 and gains of further 30 pips seems to be possible. So Today we suggest opening shorts from 1.3750 with a stop loss order around  1.3780 area. In case falls below support at 1.3680 , the level at 1.3600  shall be a matter of time with possible extension toward 1.3480.

USDCHF
As this pair is in its downward corrective trend any slide toward  1.0680  shall be used as an opportunity for sell, so taking some longs from that resistance  may bring some profits as another test of 1,0790 seems possible. On the other hand only significant falls below 1.0640 may cancelled the current upward march of this currency cross .

GBPUSD
Generally thanks to decisive rebound from 1.5540 this pair has a open way toward 1.5660/1.5750. So any slide  toward 1.5580 shall be used for buying of the pound. However, only falls below 1.5550 should reverse our strategy toward more bearish with targets around 1.5350 at least.

EURJPY
As this currency cross is in its correction upward rebound with a targets 123.00 at least our daily recommendation perceives to use any jump around 123.00 as an opportunity for shorts. But we have to remember that stop loss order should be placed not higher that at 123.30 as breaking this resistance may prolonged this current upward movement toward 134.00 at least.

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