EUR/USD
The medium, short-term trades and the intraday are still bearish, whereas the EUR is declining strongly against the main currencies, it's noticed in the chart that the EUR/USD pair is trying to break the support level 1.4045 which breaking it represents confirming continuing forming the bearish direction for the long-term, it's expected in case of this breaking that the pair will target declining the level 1.3964 which represents 127% Fibonacci retracement continuous level for the bullish direction (from 1.4045 to 1.4345) breaking this level also means a further drop till the next support level at 1.3860.
This expectation depends on the stability of the resistance level 1.4115.
Res: 1.4293 1.4425 1.4505
Pivot: 1.4213
Sup: 1.4081 1.4001 1.3869
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GBP/ USD
The end of last week trades saw continuing rising the GBP/USD pair till it reached the resistance level 1.6290, whereas failing broking this level up, that was a sign on declining the pair again to test the nearest resistance levels, at the end of last week trades within the beginning of this week trades it's noticed that the main currencies are dropping sharply against the U.S dollar, therefore it's expected during the next trades a further drop for the pair but if the support level 1.6185 broken down; the pair will target the next support level at 1.6105, breaking this level also will confirm continuing forming the bearish direction for the medium and long-terms.
This expectation depends on the stability of the resistance level 1.6290.
Res: 1.6308 1.6373 1.6444
Pivot: 1.6237
Sup: 1.6172 1.6101 1.6036
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USD/CHF
It's expected for the USD/CHF pair to continue the bearish direction targeting the support level 0.8768, and trading under this level gives a chance for further falling to target then the support level 0.8715 that may coincides with the channel bottom line, with a good chance for bullish move to retest the resistance level 0.8843 that coincides with the channel top line.
This analyze requires the stability of the resistance level 0.8843 with the channel top line.
Res: 0.8835 0.8899 0.8943
Pivot: 0.8791
Sup: 0.8727 0.8683 0.8619
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USD/CAD
The bullish direction remain dominating the pair direction for the medium and short-terms whereas forming a harmonic pattern is still forming which the price action has formed it which is the (AB=CD) which is moving inside the pattern's last CD wave which is targeting the resistance level 0.9915 to end the pattern by ending forming this wave therefore it's expected that the pair's bullish move will be continued targeting by that the level 0.9915.
Succeeding this scenario depends on closing the pair a good close above the resistance level 0.9792 which represents the B point.
Res: 0.9787 0.9843 0.9917
Pivot: 0.9713
Sup: 0.9657 0.9583 0.9527
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AUD/USD
The AUD/USD rose previously to retest 23.6% correction level for the bullish move from 0.9706 to 1.1011 for the second time facing the bearish trend for the medium and short periods, to also form a bearish triangle, which with the stability of the mentioned resistances caused the pair falling to approach the expected target level at 1.0513 represented by 38.2% correction level, and if the pair was able to trade under it; the pair will target then 50% level around 1.0360, but in case 38.2% level held it will push the pair to rise again in order to retest the nearest resistance that might be 23.6% level around 1.0703 price.
Res: 1.0713 1.0761 1.0813
Pivot: 1.0661
Sup: 1.0613 1.0561 1.0513
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