Currency Focus
NZD/USD - This pair is threatning to go down below the 0.7000 level after making the high of 0.7030. If New Home Sales data comes better than expectations then for time being 0.7000 will be long way.
EUR/CHF - Trading very firm above 1.6000 level and currently trading between 1.6030 and 1.6010 a volatile of just 20 pips. Believe me 1.6000 is very strong support for this pair.
EUR/JPY - In the last few days this pair struck in tight range bound between 156.50 and 155.75 a volatile of 75 pips. As this pair is not giving any direction to the traders to go long in EUR or going long in YEN. Above 156.50 it shows more strength in EUR and cracks below 155.75 then YEN will seize the role.
EUR/GBP - Still trading firm above 0.6700 level as it suggest that EUR is not giving any chance to GBP to gain strength.
EUR/CHF - Trading very firm above 1.6000 level and currently trading between 1.6030 and 1.6010 a volatile of just 20 pips. Believe me 1.6000 is very strong support for this pair.
EUR/JPY - In the last few days this pair struck in tight range bound between 156.50 and 155.75 a volatile of 75 pips. As this pair is not giving any direction to the traders to go long in EUR or going long in YEN. Above 156.50 it shows more strength in EUR and cracks below 155.75 then YEN will seize the role.
EUR/GBP - Still trading firm above 0.6700 level as it suggest that EUR is not giving any chance to GBP to gain strength.
posted by Naveen Pantera at 8:29 PM
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