Dailyfx (based on CNBC)



EUR/USD
The pair is attempting to advance further and it is likely to test the 7-month high at 1.3457.

GBP/USD
GBP/USD has bounced off the recent high at 1.5992 without even hitting a psychological level at 1.6000 (the market has not traded above this level since 2008).

USD/JPY
The pair still holds above the 82.18 support level, maintaining a bullish momentum. For now, the market struggles to pass the 83.20 level.

USD/CHF

USD/CHF retraced to the 0.9024 4-month support line. If it holds above 0.9066, the downside pressure will be avoided within the rest of the week.

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