Good morning. Herewith we would like to present our daily currency market forecasts.

EURUSD
Current range of trading we assess for 1,3580-1,3680. Upside rebound may lead this cross to the resistance at 1,3720/40. This movement may be extended even to 1,3800 later in the afternoon. Downside march shall at first touch the support at 1,3520. Over there next decisions should be made up so perspectives for 1,3440/60 will be possible.

GBPUSD
Rise to the area of 1,5020 may be considered to open short positions with destination target set at 1,4860. Only retreat above 1,5100 will suspend this scenario for a while and initiate gains towards 1,5180.

USDCHF
Wide range of trading between 1,0690-1,0800. Currently long positions around the lower limit may be considered with targets just below 1,0800. Further upside movement should bring the cross as high as 1,0890. Breach below 1,0690 will initiate drops leading at least to 1,0650/1,0610 area with a chance even for 1,0510 in case of a stronger momentum.

EURJPY
Oscillations between 123,00-124,20 seen as a natural range of trading. Breach above the upper limit will stand for further gains leading event to 125,40. Breakdown at 123,00 will open way for drops to the area of 122,20 or even 121,80.

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