Dollar index is on bullish condition breaking 100.20 resistance for 100.38 as the next bullish target. Second pivot-resistance level at 99.31 was broken by the price, and it is ranging within important psy levels for now. If the price breaks 100.38 resistance so the bullish market condition will be continuing with the highs not seen since April 2003.
USD/JPY is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the bullish market condition with the secondary ranging: the price is traded below four-month high of 123.74. If this 123.74 resistance will be broken so we may see 125.85 as the next bullish target, otherwise the price will be ranging within familiar levels with the primary bullish market condition.
| Resistance | Support |
|---|---|
| 123.74 | 118.05 |
| 125.85 | 116.13 |
EUR/USD. As we know - there will be ECB News Conference on Thursday and US Jobless Rate on Friday, and the price is breaking 1.0565 support for eight-month low of 1.0461 as the next target. Price is not in oversold condition yet so we can expect more bearish for this week especially related to above mentioned high impacted news events for example.
| Resistance | Support |
|---|---|
| 1.1095 | 1.0565 |
| 1.1713 | 1.0461 |
