Feb. 26: American session
Tatiana Norkina, FBS analyst
The pair EUR/USD fell sharply today, breaking through the 1.3730 support. It happened after yesterday bulls failed again to pass through the 1.3770 resistance. This led to further rapid depreciation of the currency pair. In the American session trades are held below the 1.3670 mark. Obviously, this decline is corrective yet. The purpose of the bears can be the 1.3645 mark. The British pound also weakened today against the American. The GBP/USD pair has fell to the area of 1.6630 support, after yesterday's failure of bulls – the 1.6720 resistance stayed again. Note that the U.S. dollar index adds about 0.40%, the S&P500 - +0.20%, the DJIA index - +0.30%.
USD/CHF pair has risen to the maximums of last week - 0.8928. USD/JPY pair has returned to the level of 102.30, after the next testing of the support in the 102.00-102.10 range.
Currency pair USD/CAD is restored to the figure of 1.1100 again, but the Bears have a desperate resistance, reducing the rate to around 1.1090 mark.