- EURUSD is trading in consolidation range
- USDJPY returns over 107,00
- DAX closes in plus slightly below 12 100 handle
Today's session on the market is going on in rather calm moods. The EURUSD is trading in a consolidation range since Thursday. Currently, two levels are crucial. The support is located at 1.0965, while the resistance is the zone at 1.1000. A break above or below the limits of channel range is likely to see respective price move accelerated in short term.
The EURUSD remains in range between the 1.10 and 1.0965, H1 interval. Source: xStation.
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Create account Try a demo Download mobile app Download mobile appLooking at the H4 interval of the USDJPY is trading above 107.00, which may distract from the wide double-top pattern, we mentioned last week. However, as long as the pair consolidates around the round level it is still too early to speak about buy signal. Locally, one should pay attention into two levels - marked with purple lines. Breaking through the lower or upper limit should lead to more short-term movement. However, as long as the price is between two lines, there is a risk of consolidation.
USDJPY fluctuates around a round level of 107.00. H4 interval. Source: xStation
In turn on the stock market one can see a continuation of the rebound which started on last Thursday. Currently, the moods are positive. Despite the fact that the session in the U.S. began slightly below Friday's close, Dow Jones, S&P500 and Nasdaq are currently in a good position. Moving into the European indices, most of them ended up in a positive session. Despite the low volatility, the German DAX ended the day at the top with a score of +0.7%. The French CAC40 closed at +0.61%. One shoul remember that there are headlines to watch out for on US-China trade talks scheduled for the end of the week.
DAX closes with a positive result, a possible move towards resistance at 12150 points. H4 interval. Source: xStation
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