Low liquidity helped to push Dollar lower against the main currencies.

Low liquidity helped to push Dollar lower against the main currencies. Now trading Dollar at 1.3230 against the EUR, at 1.5500 against the sterling and at 81.50 against the Japanese Yen. With a lack of important economic indicators this time of the year, the remaining traders in the markets will be take a short take profits approach mainly on a technical levels.

Technical Levels

EUR/USD

A pair back to trade in range of 1.3360 and 1.3080 and its looks like this range will remain till the New Year. RSI at overbought levels and MACD starting a bearish cross in positive levels. Daily studies are bullish.



USD/JPY

MACD pointing a bit up but in negative levels but there is more room for a new extending down. Daily studies bearish as well. RSI pointing up from oversold levels but the momentum is not strong. Strong support still at 81.20. Buy at the failure and sell a brake to 80.50.



GBP/USD

RSI pointing down from his overbought levels and MACD forming a bearish cross but in positive levels. On a bigger picture, MACD pointing up.