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Analyst

Key option levels: June 13-19

 

EUR/USD

  • • The closest resistance levels: 1.1462; 1.1523; 1.1572; 1.1611
  • • The closest support levels: 1.1218; 1.1153; 1.1103; 1.1075
  • • The range of upward risks: 1.1462-1.1611
  • • The range of downside risks: 1.1218-1.0975

 

Bulls could not hold the initiative of Euro. In the medium term, the advantage is retained by the bears (the medium-term players target - 1.0850). A breakdown below 1.1218 level will open the way to 1.1153 and 1.1103. Alternative scenario: moving above 1.1462 could be considered as a signal to buy the pair with the target points of 1.1523 and 1.1572.

USD/JPY

  • • The closest resistance levels: 108.27; 108.72; 109.43; 109.91
  • • The closest support levels: 106.25; 105.53; 105.19; 104.11
  • • The range of upward risks: 108.27-111.92
  • • The range of downside risks: 106.25-102.08

 

USD/JPY cannot get out of the bear trap. The medium-term risks are still displaced to the downside. Market makers have formed the strongest Put-level of 90.88; its main purpose is restriction of quotations growth. A break down to the level of 106.25 will create preconditions for a fall to 105.53 and 105.19 levels. Buying will be relevant above 108.27, targets - 108.72 and 109.43.

USD/CAD

  • • The closest resistance levels: 1.2922/50; 1.3002; 1.3062; 1.3127
  • • The closest support levels: 1.2649(36?); 1.2555; 1.2505; 1.2447
  • • The range of upward risks: 1.2922-1.3435
  • • The range of downside risks: 1.2649-1.2464

 

USD/CAD may develop a correction this week. The medium-term outlook for the pair got neutral. Reliable buying should be considered above 1.2922, target points - 1.3002 and 1.3062. Sellers are activated below 1.2649, players’ targets are connected with 1.2555 and 1.2505 levels.

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