Live Chat
Live Chat

Broad USD strength still adding some pressure for EUR


EURUSD Pair
EURUSD very tight move overnight and cautious ahead of tomorrow’s ECB meeting. Technical oversold and market talks with funds demand around 1.2150-80 region with topside sellers above 1.2250. The higher UST yield and broad USD strength will still add some pressure for EUR but position adjustment will stabilize the pair on lower side. Today US MBA Mortgage Application and stock/bond market move will have some intraday impact. With support at 1.2180 and 1.2150 with resistance at 1.2250, still to prefer the buy on dips with tight stop strategy.

USDJPY Pair
USDJPY goes higher following 10 years UST yield break above 3% despite of US and Japan stock retracing lower. Broad USD strength helping USDJPY in short term but lack of follow through above 109 as well as Japan Corporate selling on top will expect to limit the gains. Today US MBA Mortgage Application and stock/bond market move will direct the intraday action. With support at 108.80 and resistance at 109.20, still to prefer in range consolidation pattern.

GBPUSD Pair
GBPUSD consolidate overnight with lack of new incentive for next direction and basically follows the broad USD move. GBP cross rather sluggish move as well and short term remain to follow the direct USD direction. Today US MBA Mortgage Application and stock/bond market move will have some intraday impact. With support at 1.3920-30 and resistance at 1.4000-10, still prefer the in range trading with tight stop strategy.

USDCHF Pair
USDCHF higher with strong USD and higher UST yield effect despite of stock market retrace lower slightly. Stable risk sentiment also boosting EURCHF back to level close to 1.20 handle and indirect support the pair. Today US MBA Mortgage Application and stock/bond market move will have some intraday impact. With support at 0.9770 and resistance at 0.9840, still to prefer in range trading with tight stop strategy.

EURJPY Pair
EURJPY grids up on higher USDJPY and steady EURUSD effect. Market remain to focus on direct USD and cross are rather in passive response. But steady risk sentiment with Korean and Syria both claiming down will help the cross in short term despite technical overbought. Today US data and stock/bond market move will have some intraday impact. With support at 132.20 and resistance at 133.50, still to prefer in range trading with tight stop strategy.

EURGBP Pair
EURGBP grid down slightly but overall in tight move (0.8738-0.8753). And today lack of data and will see extension of recent trend and stock/bond market might have small intraday impact. With support at 0.8740 and resistance at 0.8820, still to prefer keeping buy on dips with tight stop strategy.

Gold Bars
GOLD stays under pressure but still holding well above 1320-22 support region despite of strong USD and higher UST yield effect. US stock lower down and technical oversold as well as real money demand on lower side still support the gold in short term as topside sellers above 1330-35 region. Today US MBA Mortgage Application and stock/bond market move will have some intraday impact. With support at 1320-22 and resistance at 1330 and 1335, still to prefer the buy on dips with tight stop strategy.

Silver Bars
Silver lower slightly in the same direction with GOLD and broad strong USD trend. Higher UST yield remain adding some pressure for Silver but overall uptrend remain unchanged. Today US MBA Mortgage Application and stock/bond market move will have some intraday impact. With support at 16.6 and resistance at 17, still to prefer keeping buy on dips with tight stop strategy.


Hantec Global

Ready to start trading?

Open an Account Try Demo

  • Start Forex Trading with Hantec Global now

    LIVE ACCOUNT DEMO ACCOUNT

     
  • SUBSCRIBE to Hantec Global Newsletter