This Signal design just for currency GBP/US, EU,CHF

Great British Pound(GBP)

The British pound dropped down in a strong bearish pattern to hit the major support level at 2.0060s. The pressure on the buying side was obvious at the bottom which in role pushed the pound towards the upside to close then in a balanced pattern; nevertheless the technical indicators show the upside move for the week ahead.

The trading range for today might be between the key resistance level at 2.0200 and the key support level at 2.0050.

The general trend is up as far as 1.9475 and 1.9360 remains intact targets now at 2.0100 and 2.0240

Recommendation : We expect buying sterling above 2.0080 with a target at 2.0145, stop loss below 2.0055.

EURO

The European currency dropped down last Friday to hit the key support level at 1.3590s to reveres then towards the upside in order to bounce some of the losses due to the downside drop; the euro then opened the upside channel to set the target at 1.3670s major resistance level in the week ahead.

The trading range for today might be between the key resistance level at 1.3670 and the key support level at 1.3580.

The general trend is up as far as 1.3235 remains intact targets now at 1.3700 and 1.3840

Recommendation : We expect buying euro above 1.3618 with a target at 1.3670, stop loss below 1.3580

SWISS Frank(CHF)

Since the dollar against the SWISS Frank drove through the upside channel last Friday at the beginning of the session to drop down then in terms of recovering the bullish losses; this move might be considered a preparation for a downside drop in the upcoming days.

The trading range for today will be between the key resistance at 1.2220 and the key support at 1.2130.

The general trend is down as far as 1.2540 remains intact, targets at 1.1875 and 1.1665.

Recommendation : We expect buying USD/CHF above 1.2150 with a target at 1.2220, stop loss below 1.2100.