Though there were not many reports with regards to Dollar yesterday therefore it showed mixed response. It got stronger with few currencies and vice –versa. EUR strengthen against all major currency reason being Greek Parliament approved austerity measures which came as sigh of relief for European Union. The next level to look at EUR / USD pair is 1.4350. If this pair breaks this point then one can expect it to reach 1.4450.
The support level for various other pairs would be USD / JYP would be 80.45, GBP / USD 1.5905 and EUR / JYP 114.01 likewise resistance would be USD / JYP 81.10, GBP / USD 1.6000 and EUR / JYP 115.90. If the above support or resistance level is broken / crossed there is a possibility of making 20 pips on each pair.
Leave a comment