EUR/USD Current price: 1.2938
Having tested levels above 1.30 past Asian session, right after a deal on Greece was announcement, the EUR/USD fell as time went by over the rest of the day. There are a lot of flaws in the plan for Greece with several lose ends, and as discussed on previous updates, the EU just got some time before we start discussing a default, or a Grexit. Practically with no data for current Asian session, the EUR/USD will likely remain short term heavy. The hourly chart shows bearish momentum still strong after price completed a pullback yet failed to overcome a broken ascendant trend line. So far, 1.2940/50 area has capped the upside, while daily low stands at 1.2915. Below this last, sellers will likely find some opposition around 1.2880, strong support over past October, yet if this last gives up, 1.2800 area seems a good target for this Wednesday.
Support levels: 1.2910 1.2880 1.2840
Resistance levels: 1.2945 1.2970 1.3010
GBP/USD Current price: 1.6018
The GBP/USD extended its rally to 1.6055 just before US session, falling afterwards to 1.6008. Mostly ranging, the pair is stuck in a 60 pips range since Friday American session, and unless a clear break below 1.5990 or above 1.6065 strong static resistance level, won’t be expecting much action in the pair. In the hourly chart, technical readings support the downside, as price holds below 20 SMA while indicators head south below their midlines. In the 4 hours chart price struggles around a still bullish 20 SMA, supporting the need of further confirmation before a sell.
Support levels: 1.5990 1.5950 1.5920
Resistance levels: 1.6040 1.6065 1.6100
USD/JPY Current price: 82.15
Unchanged since last updates, the USD/JPY continues consolidating between 82.00 and 82.30, short term directionless. The hourly chart, shows price still below 100 SMA, around mentioned 82.30 and acting as immediate resistance, while indicators stand flat in neutral territory. In the 4 hours chart there is a slightly bearish tone, yet would be expecting downside movements to remain corrective towards 81.50 static support, from where buying interest, if reached, should resume.
Support levels: 81.90 81.50 81.20
Resistance levels: 82.30 82.60 82.85
AUD/USD: Current price: 1.0446
Australian dollar fell against the greenback, having approached to the 1.0500 price zone early Tuesday. The hourly chart shows bearish momentum easing, as indicators turn back north still in negative territory; but in the 4 hours chart, the bearish momentum seems to be increasing as indicators approach their midlines from overbought extremes. Finding short term support around 4 hours 20 SMA, price needs to accelerate below 1.0410 to confirm further falls are yet to come.
Support levels: 1.0435 1.0410 1.0370
Resistance levels: 1.0480 1.0510 1.0550