The European currency dropped last time in a very strong pattern

EURO
 
The European currency dropped last time in a very strong pattern as it couldn't breach the key resistance level at the minor downside trend line at the levels of 1.4650s to depreciate further to reach as low as the key support level at 1.4400 after passing all the key upper levels. At the end of the day, the Euro extended the downside channel.

The trading range for today might be between the key resistance level at 1.4550 and the key support level at 1.4300.

The general trend is up as far as 1. 4060 remains intact targets now at 1.4780 and 1.4960

GBP
 
The British pound last Friday started in a weak pattern by which it couldn't breach the main resistance level at 2.0450s to decline to the downside towards the major support as low as 2.0140s. Nevertheless, the technical oscillators still show the downside wave with some slowing upside movements.

The trading range for today might be between the key resistance level at 2.0350 and the key support level at 2.0050.

The general trend is up as far as 1.9800 remains intact targets now at 2.1170 and 2.1420

JPY 
 
The dollar against the Japanese yen rallied to the upside direction last week as it couldn't pass the major support level at 112.30s causing it to initiate the upside move rapidly. Yet the pair extended the upside wave after it confirmed some bullish signals.

The trading range for today will be between the key resistance at 114.50 and the key support at 111.50.

The general trend is down as far as 121.30 remains intact, targets at 108.30 and 106.80.

CHF
 
The dollar against the SWISS Frank was moving within very wide ranges reflecting the high volume, therefore the pair holds some tendency to the upside for today as the technical directional parameters indicated.

The trading range for today will be between the key resistances at 1.1660 the key support at 1.1440.

The general trend is down as far as 1.2020 remains intact, targets at 1.1000 and 1.0940

CAD
 
The dollar against the Canadian kept moving in the upside direction last time with high levels of volume which played a significant role to take the pair to the upside; however, at the end it fell again to close with tendency to the downside. Today the pair is facing a difficult resistance level at 1.0230s, breaching the mentioned resistance level might lead the pair up until the next resistance level at 1.0270.

The trading range for today will be between the key resistance at 1.0270 and the key support at 1.0080.

The general trend is down as far as 1.0745 remains intact, targets will be 0.9030 and 0.8965.