EUR/USD Current price: 1.3241View Live Chart for the EUR/USD
The EUR/USD trades steady around 1.3240, as first head lines regarding EU fin ministers meeting to decide Greece €130 billion bailout start hitting the news. After a long day of negotiations, the ministers agree on ways to cut Greece’s debt more than 120% of GDP by 2020, while further ways to provide debt relief to the trouble country were on the table. Ahead of an official announcement, the EUR/USD hourly chart shows indicators flat above their midlines, while price founds support at an also flat 20 SMA. In the 4 hours chart indicators remain in positive territory, although showing signs of exhaustion. Far from a reversal, only below 1.3200 the pair may lose ground in current Asian session, while above 1.3275, Monday high, rally may extend towards 1.3320, February monthly high.
Support levels: 1.3215 1.3180 1.3140
Resistance levels: 1.3275 1.3320 1.3360
GBP/USD Current price: 1.5844View Live Chart for the GBP/USD (Select the currency)
Consolidating near daily low, the GBP/USD has been unable to extend gains beyond 1.5879 where the pair halted several times along the day. With the weekly opening gap still unfilled, the hourly chart shows price below 20 SMA, while indicators are flat in negative territory, putting the pair under some limited bearish pressure: only below 1.5810 static support the slide may become stronger over the next few hours. In bigger time frames, the 4 hours chart shows indicators exhausted to the upside and turning slightly lower, although 20 SMA holds a strong bullish slope below current price around 1.5770, turning this level into a strong support to follow in case of slides. To the upside, 1.5930 early February high, is the resistance area to break to see the pair extending gains towards the psychological 1.6000 level.
Support levels: 1.5845 1.5810 1.5770
Resistance levels: 1.5885 15930 1.5970
USD/JPY Current price: 79.62View Live Chart for the USD/JPY (select the currency)
After testing 79.88, 6-month high during the past Asian session, the USD/JPY has been consolidating just below it, as the US markets remained closed on holidays, and investors continue waiting for the EU deal outcome. Hourly chart shows price recovered above a flat 20 SMA while indicators moved to positive territory; in the 4 hours chart indicators had retreated from overbought levels, yet price failed to follow, supporting the dominant bullish trend seen over the past few weeks. Pair will hold the upward strength, as long as above 78.80 support, while below this last a bearish rally towards 78.00 area, 200 DMA could be seen.
Support levels: 79.55 79.20 78.80
Resistance levels: 80.00 80.25 80.60
AUD/USD Current price: 1.0744View Live Chart for the AUD/USD (Select the currency)
The AUD/USD reached 1.0810 strong static resistance area, before giving up its intraday gains and closing lower. Still above past Friday’s close, the hourly chart shows an increasing bearish tone as price develops below 20 SMA that gains bearish slope, while indicators remained capped below their midlines. In bigger time frames, a symmetrical triangle contains the pair, with the base now around 1.0690. Only below the bullish potential of the cross can be denied.
Support levels: 1.0725 1.0690 1.0650
Resistance levels: 1.0770 1.0810 1.0850
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