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

EURUSD
Due to quick reaction of demand from support at 1.3690 this currency rate is targeting at  firm resistance 60 pips higher but now the market is oscillating around 1.3730. So Today we suggest opening longs from 1.3690 with a stop loss order around  1.3660 area. In case falls below support at 1.3650 , the level at 1.3590  shall be a matter of time with possible extension toward 1.3400.
 
USDCHF
As this pair's upward rally seems to be eased any jump toward  1.0660  shall be used as an opportunity for selling, so taking some shorts from that level  may bring some profits. On the other hand only significant rebound above 1.0680 may cancel the current downward movement of this currency cross .

GBPUSD
Generally thanks to decisive rebound from 1.5040 this pair has a open way toward 1.5300 or even 50 pips higher. On the other hand We recommend to open longs from 1.5080  with a stop loss order 30 pips lower. However, only falls below 1.5050 should reverse our strategy toward more bearish with targets around 1.4900 at least.

EURJPY
As this currency cross is in it's correction upward rebound with a targets 124.50 at least our daily recommendation perceives to use any jump around 124.30/50 as an opportunity for shorts. But we have to remember that stop loss order should be placed not higher that at 124.60/80 as breaking this resistance may prolonged this current upward movement toward 125.20 at least. On the other hand some opportunities for buyers shall be created around support at 123.90 and then 30 pips lower.

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