Feb. 18: American session
Tatiana Norkina , an analyst at FBS
U.S. stock indexes in early trading are near zero , but with a tendency to increase after the publication of disappointing statistics. The EUR / USD continued to rise and reached the level of 1.3770 . At the moment, the bulls are increasing the pressure , but it is clear that short-term market is overbought. Currency pair may consolidate below 1.3775 resistance . Currency pair GBP / USD found support at 1.6660 and pushed from her fall played today . Now trades are carried above the level of 1.6715 .
The weakening of the U.S. dollar index negatively affected the USD / CHF pair is currently testing session lows in the 0.8870 . Note that this lows last December that the bears could not knock down within a month. Notorious 102.60 resistance since early February does not bulls on USD / JPY pair to move higher. Today, the level once again resisted , but bulls may again plunge into the attack , kept at the level of 102.25 .
USD / CAD pair to hold above 1.0950 support and traded in the previous range 1.0950-1.0975 .