Certain sovereign states buy dollars. The weak stock market began in Asia, which benefited the greenback. Technical support levels seem to persist in almost all pairs, only the USD / JPY fell to new lows. USD / JPY minimum recorded in the 92.62 area and many traders took profits, which is why the pair then returned to the level of 93.00. The minimum record book in the 1.4774 area and stops were placed at 1.4850, but then the pair was around 1.4900. The level published data do not favor. It is estimated that during the day the dollar will fall. GBP / USD Resistance 3: 1.5680 Resistance 2: 1.5620 Resistance 1: 1.5550 New York: 1.4935 Support 1: 1.4770 Support 2: 1.4700/10 Support 3: 1.4650 The pair began to decline in Asia at night, but reversed its trend in Europe .
It is estimated that there will be a cut in interest rates by 100 basis points. There were offers of sovereign states. The level of support failed at the 1.5050 area. There was a strong trade in dual action. He kept control over the 1.5100 sales, but it will be prudent to wait a bit.
If the pair continues to strengthen several traders take profits. At night there was a technical trade as traders defined strategies. Surely the BCI will reduce interest rates, but that factor is already assimilated. Liquidity was moderate. For Wednesday: All times EASTERN (-5 GMT) 4:30 a.m. 5:30 a.m. GBP Services PMI GBP BRC Shop Price Index y / y EURO / USD Resistance 3: 1.2950 Resistance 2: 1.2880 Resistance 1: 1.2750 New York: 1.2673 Support 1: 1.2580 Support 2: 1.2550 Support 3: 1.2480 Comments may be that the couple suffers a reversal, but the pair should be firm in my view 1.2850. Bids are being placed in the 1.2600 as estimated. It is advisable to go long. Stops are being placed on 1.2750, thus boosting two-way trade. I do not think that the pair continue falling. Several traders are taking profits despite the prevailing uncertainty. For Wednesday: All times EASTERN (-5 GMT) EUR 4:00 a.m. 5:00 a.m. Final Services PMI EUR Retail Sales m / m foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources.