On Monday, the EUR/USD pair breached up the mark of 1.12. The maximum of the day was reached near of the 1.1222.
On Tuesday morning, we are observing a technical correction. The key currency pair trades below the level of 1.1190 by losing 0.2%.
The key event for today is speech of Fed Chair Janet Yellen at 3:30 p.m. GMT. The American dollar can be supported if Janet Yellen expresses hawkish views.
The resistance levels for the euro are 1.1219 and 1.1242.
The support levels for the EUR/USD are following 1.1163 and 1.1143.
Yesterday, the British pound was one of the currencies which showed the best performance during the day.
The GBP/USD pair successfully breached up the level of 1.42 and was trading near the next resistance of 1.43. The pound showed good results due to weakness of the American dollar on forex market.
This morning, we are observing a technical correction. Currently, the GBP/USD pair loses 0.4% and consolidates near to the mark of 1.42.
The resistance levels for the British pound are 1.4283 and 1.4309.
The support levels for the AUD/USD are following 1.4193 and 1.4155.