EUR/USD Current price: 1.4474

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Euro rose this Tuesday, supported by increasing risk appetite that sent stocks and commodities higher trough the past 2 sessions. However, pair was limited by 1.4500, losing ground quickly with no much reason except taking profits out of the table due to the euro zone debt woes. Hourly chart shows a slightly bearish tone coming from indicators, as per current candle below 20 SMA and indicators below their midlines, while bigger time frames show pair still bullish yet losing momentum. Pair will likely remain bullish as per market sentiment, as long as above 1.4400 area.

Support levels: 1.4400 1.4365 1.4330

Resistance levels: 1.4460 1.4495 1.4520

GBP/USD Current price: 1.6380

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Barely unchanged since yesterday’s Asian session, pair was under pressure on worse than expected data early in the UK, with both, CPI and housing prices below market expectations. Hourly chart, shows indicators mostly flat around their midlines while pair trades below 20 SMA. Bigger time frames show the candles with long upper shadows above 1.6400, suggesting the selling interest once there is still strong. Despite slightly bullish, price action suggests a break below 1.6340, 200 in the 4 hours chart, may lead to a stronger slide over the upcoming sessions.

Support levels: 1.6340 1.6300 1.6260

Resistance levels: 1.6400 1.6440 1.6485

USD/JPY Current price: 80.53

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Pair soared to levels just below past week high at 80.70, supported by strong US yields and gains in stocks. Still quite limited to the upside, the pair has a short term bullish tone as seen in the hourly chart, with 20 SMA gaining bullish slope acting as dynamic support, and indicators heading north above their midlines. 4 hours chart however, shows indicators heading lower, losing past session momentum; above 80.70 area, next resistance comes at 81.05 which indicates the pair may remain trading in limited intraday ranges despite the positive trend.

Support levels: 80.50 80.25 80.00

Resistance levels: 80.70 81.05 81.40

AUD/USD Current price: 1.0683

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AUD/USD extended gains this Tuesday, reaching the descendant trend line round also static strong resistance area around 1.0710. Quoting barely below and despite hourly momentum is giving some sighs of exhaustion, bias for the cross remains bullish as per market sentiment and strong bullish tone seen in 4 hours chart. Pair needs to overcome that level to extend towards 1.0770 area, yet only above this last the pair may resume its long term bullish trend.

Support levels: 1.0670 1.0640 1.0600

Resistance levels:  1.0710 1.0740 1.0770




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