U.S dollar index bearish target is 100.00 but the index mostly moving sideway ahead of the Fed FOMC meeting this week. Traders will expect the index to continue the bearish movement in the long term with some bullish bounce. When the index starts a bullish bounce, traders will wait near resistance levels for a chance to enter short positions. On the upside, the daily SMA 200 might become the bullish target. EUR/USD is stuck near the 1.1000 resistance level and might continue trading near it for now. Traders will use each bearish correction as a chance to enter more long positions at a lower level. On the lower side, 1.0800 and 1.06500 could become the level to watch for bullish reactions. Traders will continue to hold long positions as long as the pair continue printing a new higher high and higher low. Today’s critical levels to watch: Support: 1.0900, 1.0800, 1.0650, 1.0339 Resistance: 1.1000 GBP/USD made a bullish close last week and print a new higher high. The pair is set to continue the bullish movement toward the 1.2625 and 1.2800 resistance levels. If the pair start moving lower again toward the 1.2000 – 1.2200 area and the daily SMA 200 then traders could use the chance to enter more long positions. We think the bullish trend will continue for long term as long as there is no close below the daily SMA 200. Today’s critical levels to watch: Support: 1.2200, 1.2100, 1.2000, 1.1450 Resistance: 1.2625, 1.2800 USD/JPY launched upward and reach the daily SMA 200 today. The pair might continue the bullish movement as the current movement has strong bullish momentum. If the pair could break out above the daily SMA 200 and print a new higher high then there is a chance of trend reversal. However, if the pair made a strong bearish reaction from the daily SMA 200 then traders could enter short positions. Today’s critical levels to watch: Support: 133.00, 130.00, 125.00 Resistance: 137.70 AUD/USD pushed lower but the pair avoided a new lower low on the chart. No conclusion yet on the pair’s next direction. On the upside, the pair needs to close above the daily SMA 200 to reverse the current bearish pressure. However, if the pair continue moving lower and print a new lower low then the bearish trend could continue toward the 0.6500 support level. Today’s critical levels to watch: Support: 0.6500, 0.6000 Resistance: 0.6700, 0.6750, 0.6820, 0.7000

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