The European currency yesterday started in a bullish movement

The general trend is up as far as 1. 4270 remains intact targets now at 1.5000 and 1.5370

gbp
The British pound yesterday moved through the upside channel to hit the downside resistance line as high as 2.0520, before declining heavily to pass the key support level at 2.0400 to reach the 2.0320s. Therefore, we expect the pound today to drive through the downside channel until the key support area around 2.0250s.

The trading range for today might be between the key resistance level at 2.0440 and the key support level at 2.0200.

The general trend is up as far as 1.9950 remains intact targets now at 2.1170 and 2.1420

jpy
The dollar against the Japanese yen rallied in the downside direction with high levels of volume to indicate the strength of the bearish move. The pair yesterday managed to hit the key support area around 110.50 showing the tendency to progress today in the same direction until the key level at 109.50s.

The trading range for today will be between the key resistance at 112.00 and the key support at 109.20.

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 yesterday fluctuated in both directions after it couldn't pass the key support level at 1.1250s to hit the major resistance level after a while at 1.1360s, but at the end it closed with a little bit bullish form. Yet the technical oscillators studies indicated that the pair prepares for upside movements during the week ahead after yesterday close.

The trading range for today will be between the key resistances at 1.1450 the key support at 1.1200.

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 yesterday extended in the upside direction to hit the main resistance level at 1.0180s, but the pair lacked bullish momentum to arrange a downside correction after that. Nevertheless, the pair still has the chance to progress in the upside direction and to breach the mentioned significant resistance.

The trading range for today will be between the key resistance at 1.0250 and the key support at 0.9980.

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