Although the Dollar ended last week strong, it is trading on the weak side again. We already noticed last week that the Dollar cannot benefit from risk off. This seems to be confirmed this morning for the time being. The Dollar-Index is trading within its well-known 95.50 / 96.60 range with a skew to the downside.
(source: fxstreet.com)
EURUSD -- 1.1359
The friday close looked really weak at 1.1322 but the support at the 1.1300 treshold was never in danger the whole week apart from the dip on Monday. To that extend the support zone for the Euro is well defined by 1.1300 and the low of last week at 1.1280. A daily close above 1.1355 (50 ema) today could attract new buyers.
GBPUSD -- 1.3631
A test of the 200 dma (1.3687) seems to be only a matter of time. With each test, the probability that the dma will no longer hold increases. In addition the currency pair trades above its 50 ema (1.3526) and the descending white trendline. The downtrend may have come to an end.
USDCHF -- 0.9174
The swiss Franc seems to be benefiting from the Russia-Ukraine conflict and protagnists buy CHF for its safe-haven status this european morning. At time of writing the currency pair test the 200 dma (0.9178) and a close below could lead to some follow through. In a larger overview the pair has not left the 0.9087 / 0.9369 range for two and a half month. If you play the range the green ascending trendline could be the next good buy zone.
Good luck,
Sebbo