The Risk Today:
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EurUsd strong bearish momentum broke 1.3001 and 1.2904 support. One month bearish trend channel at 1.2725 will provide short term support. Intraday resistance currently stands at 1.3031
GbpUsd cables sharp decline broke support at 1.4354 and 1.390 on target for the 22-year base near 1.3680. Near term resistance stands at 1.4981.
UsdJpy choppy traded with a sight bearish tone between 88.48 to 91.66. Further weakness in the near-term to 88.75. A break of 88.48 will give scope toward 87.15 support.
UsdChf strong resistance between 1.1390 and 1.1440 (ascending resistance line) failed to hold. The break of 1.1498 resistance reinforces bullish tone. Near-term support stands at 1.1110.
