Dollar Looks to Make a 9 Month Record against the EUR.

Economic News

USD

EUR/USD Drops below 1.45 for the First Time since February

EUR

Euro-Zone Retail Sales May Take EUR to New Lows

JPY

JPY Positive despite Leadership Issues.

Oil

As Demand Falters - Oil Prices Continue To Slip.

Technical News

EUR/USD

The pair is continuing its bearish movement with full steam, as it breached through the 1.4420 level. The daily chart shows that the current price has dropped beneath the Bollinger Band's lower boarder, indicating that the bearish move has more steam in it. Going short seems to be a preferable choice today.

GBP/USD

The pair continues to provide exclusive bearish signals, and the cable is now traded around the 1.7730 level. All oscillators on the daily chart are pointing down and further bearishness will probably take place, with potential target price of 1.7640.

USD/JPY

The very strong resistant level of 108.80 has been breached, and the pair is extending its bullish journey. A bullish cross on the daily chart's Slow Stochastic suggests that the pair should retain its bullish momentum. Going long might be the right strategy today.

USD/CHF

There is a very distinct bullish channel forming on the daily chart, as the pair is now floating in the middle of it. Currently, both the RSI and the Slow Stochastic on the daily chart are suggesting that the pair should continue its bullish movement. Going long might be the right choice today.

Source: FOREXYARD