EUR/USD Current price: 1.3619
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In a usual thin Monday most remarkable event is the recovery in local share markets, as latest events in the Portuguese banking sector seem now contained. Safe havens eased all through the session, but the EUR/USD was unable to go too far away: the pair reached a daily high of 1.3640 before turning back south, now trading around key Fibonacci support of 1.3620. The hourly chart shows price easing towards a congestion of moving averages, all together around 1.3610 as indicators turn lower above their midlines. In the 4 hours chart the pair is biased lower also, yet unless a break below 1.3570, the downside should extend much today.
Support levels: 1.3620 1.3570 1.3530
Resistance levels: 1.3650 1.3680 1.3725
GBP/USD Current price: 1.7072
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With not much behind it but stops triggered, the GBP/USD eased down to 1.7069 so far today, and holds near that low early US session, with the hourly chart showing a strong bearish tone as per indicators accelerating south below their midlines, and price well below its 20 SMA. In the 4 hours chart the technical picture is clearly bearish, with a break below 1.7060 Fibonacci support required to confirm further slides today.
Support levels: 1.7060 1.7020 1.6990
Resistance levels: 1.7095 1.7150 1.7180
USD/JPY Current price: 101.54
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Yen eased in a more confident environment, with the USD/JPY up near 101.60 former support and immediate strong resistance level. The hourly chart shows indicators heading north in positive territory, as price extended and finds now intraday support in its 100 SMA. In the 4 hours chart the momentum nears its midline but remains below it, with a mild positive that needs further confirmation: some further advances beyond mentioned resistance should see an approach to the 102.00 figure, moreover if US indexes extend is pre opening gains.
Support levels: 101.20 100.70 100.25
Resistance levels: 101.60 101.95 102.35
AUD/USD Current price: 0.9394
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The AUD/USD has shown little progress over the past two sessions, confined to a tight range around the 0.9400 figure that leaves the hourly chart with a clear neutral technical stance. In the 4 hours chart a mild positive tone is present albeit technical readings lack enough momentum to confirm more intraday gains at the time being: price needs either to accelerate above 0.9420 or below 0.9370 to get more attention from investors today.
Support levels: 0.9370 0.9330 0.9300
Resistance levels: 0.9420 0.9460 0.9500
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