17 Jun 2014
Session recap: watching out for key levels
FXStreet (Guatemala) - The EUR/USD has stuck to a range at the start of this week’s session. The pair attempted a rally in late London but could not finding the support or follow through necessary from the U.S. 1.3579 was its high in London/US cross over before falling back just above the Friday high. 1.3560 held. The IMF dampened a positive outlook for the US by sharply downgrading its growth outlook.
USD/JPY has kept to a tight range between 101.75 and a pip or two above 101.90. Moving in to Asia, in the 4 hours chart, the technical picture remains mildly bearish as Val Bednarik, Chief analyst at FXSreet explained. “Yet further slides below 101.70 are required to confirm a move south towards 101.20/30 price zone”.
GBP/USD has been giving the markets signals that it is determined to keep with the 1.70 mark, a key level, popping above there in Europe left us keeping our eyes locked on to find further interest below the handle again. Supply on the downside in the U.S. took the pair as low as 1.6959.
Key events
US Industrial Production beats expectations
IMF cut 2014 growth forecasts for the U.S. by 0.8%
USD/JPY has kept to a tight range between 101.75 and a pip or two above 101.90. Moving in to Asia, in the 4 hours chart, the technical picture remains mildly bearish as Val Bednarik, Chief analyst at FXSreet explained. “Yet further slides below 101.70 are required to confirm a move south towards 101.20/30 price zone”.
GBP/USD has been giving the markets signals that it is determined to keep with the 1.70 mark, a key level, popping above there in Europe left us keeping our eyes locked on to find further interest below the handle again. Supply on the downside in the U.S. took the pair as low as 1.6959.
Key events
US Industrial Production beats expectations
IMF cut 2014 growth forecasts for the U.S. by 0.8%