Technical Overview of EUR/USD, GBP/USD and USD/CHF Currency Pairs

EUR USD

EURUSD

The EUR traded a bit lower against the USD and closed at 1.1368.

Today ECB Deposit Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The regulator takes decisions on deposit rates depending on the inflationary outlook and economic growth.

EU Leaders Summit is a regular two-day meeting of EU leaders and senior officials. Press conferences and open meetings of participants are held during the event. Depending on the events discussed at the summit, as well as political and economic rhetoric of the participants, euro quotes may change for a short time.

According to the Analysis, The pair is expected to find support at 1.13266, and a fall through could take it to the next support level of 1.12856. The pair is expected to find its first resistance at 1.13974, and a rise through could take it to the next resistance level of 1.14268. Previous Day range was 70.5 and Current Day Range is 11.1.

GBP USD

GBPUSD

The GBP traded lower against the USD and closed at 1.2624.

Retail Sales m/m reflects a change in the US retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

The pair is expected to find support at 1.25102, and a fall through could take it to the next support level of 1.23943. The pair is expected to find its first resistance at 1.27020,and a rise through could take it to the next resistance level of 1.27797.

GBP/USD previous Day range was 191.2 and Current Day Range is 35.2.

USD CHF

USDCHF

The USD traded higher against CHF and closed at 0.9933.

Swiss National Bank (SNB)Interest Rate Decision is announced four times a year during SNB governing board meeting. The decision depends on the existing inflationary outlook and economic growth.

Interest rate growth can have a positive impact on CHF quotes.

According to the analysis,USD/CHF pair is expected to find support at 0.99084, and a fall through could take it to the next support level of 0.98846. The pair is expected to find its first resistance at 0.99609, and a rise through could take it to the next resistance level of 0.99891.

USD/CHF previous day range was 52.3 and current day range is 20.2.