Forex latest Update

EUR Vs USD had a sideways consolidation today as price had a small sell off to the 38% Fibonacci retracement of the last week's price lows. Next Fibonacci resistance would be around 1.3750 if prices go up.

GBP Vs USD has been consolidating for a week and has almost reached a narrowest range so should breakout soon.

USD Vs JPY was finally sold off after the big rally during the last month and touching the price 92.25 which was at the level of 200 day Moving average point and reversed on a daily chart.

USD Vs CAD created a double bottomed on Monday, where price then rallied
to the weekly pivot R2 at 1.0582 which is also at the level of 20 day moving average.

USD Vs CHF has already tested weekly resistance R1 at 1.0887 and is retracing. If it breaks out R1 expected to reach 1.1018.

FOREX NEWS: Currency Latest Updates.

EUR USD: Weak Europe’s Economy.
US dollar is Bullish against Euro and reached its 8 months high today.
Chinese reserve-ratio hike.
The Euro USD fell to $1.3600 from $1.3690. It earlier touched $1.3530 in May.
USD JPY Rose to 0.3% at 90.04.
U.S. retail sales rose 0.5% which was more than expected in January. Whereas there was 0.1% decline in December.
NZD USD fell by 0.7%.
AUD fell about 1% versus the greenback and 0.6% against the JPY.
EUR JPY fell 0.3%.
UK Retail Sales Growth Worst in 15 Years in January.
UK House Prices May Decline as Supply Swells.
British Pound Finds Channel Support, May Bounce Against US Dollar The British Pound is set to fall in with broad trends in risk sentiment as the economic calendar fades from view after the Bank of England firmly confirmed a dovish medium-term posture in its quarterly inflation report.