The euro is trading higher on Monday’s morning European session. The exchange moves towards the 1.0977 level, where the 50.00% Fibonacci retracement is located at.
Sterling preserves the ascending channel. If UK's headline CPI reaches 2.6% estimated by analysts, the weekly R2 at 1.3052 will likely be figured as the next main target. In case of disappointment the weekly S1 at 1.2825 followed by the 1.2774/31 level, which is reinforced by the Bollinger band, the monthly PP and the up-trend are expected to offer support.
US dollar/yen rose on Monday till the 113.70 level. Support is seen at the weekly PP at 113.38. If this previous level fails to keep demand in touch, the next level of support rests at 112.99/83, where the monthly R2 and the weekly R1 are located at.
US dollar/Canadian dollar is weakening today. Oil rose more than 2% to USD 52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018.
Sterling preserves the ascending channel. If UK's headline CPI reaches 2.6% estimated by analysts, the weekly R2 at 1.3052 will likely be figured as the next main target. In case of disappointment the weekly S1 at 1.2825 followed by the 1.2774/31 level, which is reinforced by the Bollinger band, the monthly PP and the up-trend are expected to offer support.
US dollar/yen rose on Monday till the 113.70 level. Support is seen at the weekly PP at 113.38. If this previous level fails to keep demand in touch, the next level of support rests at 112.99/83, where the monthly R2 and the weekly R1 are located at.
US dollar/Canadian dollar is weakening today. Oil rose more than 2% to USD 52 a barrel after top exporter Saudi Arabia and Russia said supply cuts needed to last into 2018.
