1138
Analyst

Key option levels: June, 6-12

 

EUR/USD

  • • The closest levels of resistance: 1.1449; 1.1496; 1.1540; 1.1642
  • • The closest levels of support: 1.1240; 1.1139/00; 1.1060; 1.0974
  • • The range of upward risks: 1.1449-1.1808
  • • The range of downside risks: 1.1240-1.0922

 

EUR/USD has got support of the Call-range, however the risks of quotations fall still remain. In the medium-term period the bears keep the lead. Moving below 1.1240 will predetermine the recession to levels 1.1139 and 1.1060. The currency pair buying should be considered relevant above 1.1449, with target levels – 1.1496 and 1.1540.

USD/JPY

  • • Closest resistance levels: 109.81; 110.79; 111.74
  • • Closest support levels: 106.06; 105.53/00; 104.17; 103.41
  • • Bullish risks range: 109.81-114.51
  • • Bearish risks range: 107.31-102.48

 

USD/JPY was influenced by bearish movement and resulted in red zone. In mid-term, the sellers are the ones, who are still keeping the privilege. The nearest support zone is presently at 106.06, and moving downwards from which might lead to further decline towards 105.53 (important mark at considering floating of mid-term risks), 105.00. The buyers should be ready to take action, when the price will go higher than 109.81, the increase peaks expected are 110.79 and 111.74.

USD/CAD

  • • Closest resistance levels: 1.3111/65; 1.3226; 1.3294; 1.3369
  • • Closest support levels: 1.2907; 1.2827; 1.2765(?); 1.2718
  • • Bullish risks range: 1.3111-1.3569
  • • Bearish risks range: 1.2907-1.2609

 

USD/CAD keeps being under pressure this week. The environment has turned to be bearish-like. The drop down to 1.2907 will let to cut the way to 1.2827 and 1.2765. Another possible scenario might be moving to 1.3111, which is to be considered as an alarm to start buying the pair with targeted levels at 1.3226 and 1.3294.

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