Good morning. Here are our commentaries concerning today's currency market situation.

EURUSD
We expect current rise to reach 1,4820/40 where the rate will meet resistance. If this zone is exceeded further gains will be possible. The rate is limited from below by 1,4680.

USDCHF
Trading range for today is 1,1010-1,0930. Good moment to open short positions would be at 1,0990 with a narrow stop loss order around 1,1010. If the lower limit is broken, a gap will open, which will lead to 1,0840.

USDJPY
We recommend short positions today. Drop from 110,60 to 109,80 area is expected. Only the rebound above 110,90 may cancel this scenario.

GBPUSD
There is a chance for a rise to 1,8720 or even 1,8760, however earlier fall below 1,8640 will result in retreat to 1,8550.

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