Today is the month end that requires some transaction and money flow, meaning that USD demand prevailing. But, I think EURO will rebound later by the day end. The price is on tight range at the moment.
Erka_shildeg's Blog
NZD/JPY
Today, JPY was strongest, and NZD/JPY has erased the last three days gains in a single day. The price may take support on 0.74.
USD/CHF
USD/CHF has tested the SMA 200 @0.9740-50 areas and likely to rebound towards 0.99 area roughly around the first week of September.
EUR/USD
Earlier on July 30th, the EUR/USD pair broke the weekly support at 1.1630 and dropped at 1.13-1.1350 area where SMA 200 lies and by now, taking the leg on SMA 200 the pair has coming back and testing the line again at 1.1720 level. Also looks like HS pattern!
GBP/USD
GBP/USD is locked at big triangle that started from July 26th @ 1.32 to 1.2660 (Aug 15th) and rebounded back to 1.2933 (Aug 22). Now the range is very narrow and I expect the strong expansion. Upside first target @1.2980 or down 1.27. By the end of this week, it will test one of these levels, providing good opportunity!
USD/CAD
USD/CAD is trending along the channel ascending. If USD shows signs of strength the the pair will test the 1.3530 area otherwise 1.2880 and 1.2730 will be next targets.
AUD/USD
AUD/USD has tested 0.7340 on Aug 24, and established big triangle on 4H time frame. The pair likely to test 0.7250 area by the end of August.
200 SMA
Yesterday, USD/JPY gone through the resistance 111.0 and today testing the SMA 200. It is most likely to retest the 100 SMA at110.90 areas.
USD/JPY
USD/JPY is strong resistance areas around 111.0 where both 100 SMA and inclined lower highs acts as resistance. Higher chance of price return to 110.20 area.
EUR/USD
EUR/USD rebounded nicely establishing parabolic return. But now, at 1.16 it is critical level and technically it is significant resistance line. Above is more bullish, below will lead to retest the recent bottom.