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

EURUSD

EUR USD

The EUR traded higher against the USD and closed at 1.1273.

HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

According to the Analysis, The pair is expected to find support at 1.12404, and a fall through could take it to the next support level of 1.12076. The pair is expected to find its first resistance at 1.12956, and a rise through could take it to the next resistance level of 1.13180.

Previous Day range was 55.2 and Current Day Range is 7.9.

USD CAD

USDCAD

The USD traded higher against the CAD and closed at 1.3317.

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

The pair is expected to find support at 1.32956, and a fall through could take it to the next support level of 1.32741. The pair is expected to find its first resistance at 1.33491, and a rise through could take it to the next resistance level of 1.33811.

USD CAD previous Day range was 53.5 and Current Day Range is 35.7.

GBP USD

GBPUSD

The GBP traded higher against USD and closed at 1.3083.

The deadline for the UK to pass a deal to leave the European Union, as the two-year period from invoking Article 50 expires. The move is a result of the EU Referendum in 2016.

According to the analysis, pair is expected to find support at 1.30439, and a fall through could take it to the next support level of 1.30043. The pair is expected to find its first resistance at 1.31207, and a rise through could take it to the next resistance level of 1.31579.

GBP USD previous day range was 76.8 and current day range is 27.4.

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