Below is a technical look at some of the major currency pairs.
EURUSD: Higher on the day. Below the 100 bar MA on the 5 minute chart. Needs to get below the 50% of the days range to give sellers more confidence
GBPUSD: Sellers earlier today against the 100 hour MA. The 1.5600 is providing support.
USDJPY: Trades between channel trend lines on the hourly chart
USDCAD: Finds support against the 100 hour MA and bounces (at 116.14).
Don’t get too excited. The market remains quiet. The existing home sales did little to influence the market.
A look at some of the major currency pairs.
