EURUSD: We are looking for EUR to recapture the 1.3621 level and then resume uptrend. This view is in line with the pair’s bullish recovery triggered off the 1.3295 level. In such a case, the 1.3650 level will be targeted where a violation will aim at the 1.3738 level. Further out, resistance is seen at the 1.3800 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3524 level with a breach targeting the 1.3500 level and then the 1.3450 level. We…

EURUSD: With continued bullish tone still intact., further upside could follow in the new week. However, it will have to take out the 1.3600 level to prevent a return to the 1.3295 level. Further out, resistance resides at the 1.3650 level where a break will aim at the 1.3710 level. Price hesitation may occur here but if violated it will target the 1.3800 level. Conversely, support lies at the 1.3300 level with a break turning focus to the 1.3250 level and possibly lower towards the 1.3200…

USDCHF – Although closing marginally lower the past week, its broader downside bias remains intact. The risk is for a retake of the 0.9000 level to occur. A violation of here will turn attention to its Oct 2013 low at the 0.8889 level. Further down, support lies at the 0.8750 level followed by the 0.8700 level. Its weekly RSI is bearish and pointing lower supporting this view. On the other hand, to resume its recovery triggered off the 0.8889 level now on hold, the pair will have to take out…

USDJPY: With continued bullishness seen during Monday trading session, further upside offensive is likely in the days  ahead. Further out, resistance resides at the 102.50 level. A breach of here will aim at the 103.00 level followed by the 103.73 level. Above here if seen will target the 104.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the other hand, support lies at the 101.52 level where a reversal of roles is likely. However, a turn  below here will aim…