EUR/USD
Charts are setting up for a continuation of Friday’s fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000.
A move back above 1.4260 indicates upward strength and further erosion of Friday’s fall. Resistance beyond is 1.4340 and 1.4380.
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USD/JPY
A drop below 96.85 will signal further declines. First target is 96.40, followed by 96.10-96.00. Support beyond is 95.80.
A rise above 97.80 indicates another swing higher. Targets are 98.10 and 98.45-98.55.
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Forex Trading Analysis by: ForexPros.com – Written by Cory Mitchell
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