EUR/USD Current price: 1.3522
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Summer doldrums are felling strongly this Monday, with Japan off on holidays during Asian session, and little data early Europe. The EUR/USD saw a shy spike up to 1.3548 with the opening, but quickly pulled back, trading steady in the 1.3520 price zone early US session. Stocks are down in Europe along with US futures, which favors some safe havens, but US yields are also giving up ground, which should keep dollar gain limited. For the most, the EUR/USD still looks heavy considering it trades a handful of pips above the year low of 1.3476, but the short term outlook remains neutral, with the hourly chart showing price below a flat 20 SMA and indicators horizontal in neutral territory.
Support levels: 1.3510 1.3476 1.3440
Resistance levels: 1.3535 1.3570 1.3620
GBP/USD Current price: 1.7067
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The GBP/USD eases towards 1.7060 support, having failed to regain the 1.7100 level earlier today. The hourly chart shows price extending below its 20 SMA while indicators turn south below their midlines, supporting some downward extension in the short term. In the 4 hours chart technical readings also present a bearish tone, with a break below mentioned support exposing the 1.7020/30 price zone.
Support levels: 1.7060 1.7025 1.6985
Resistance levels: 1.7095 1.7120 1.7150
USD/JPY Current price: 101.30
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The USD/JPY bounced from a daily low of 101.20 immediate short term support, maintaining the overall negative tone seen on previous updates. The hourly chart shows indicators retracing from their midlines, while 100 and 200 SMA’s converge around 101.50, offering now immediate resistance. In the 4 hours chart indicators stand in negative territory but directionless, while price develops below moving averages, all of which keeps the pressure to the downside.
Support levels: 101.20 101.05 100.70
Resistance levels: 101.55 101.95 102.35
AUD/USD Current price: 0.9375
View Live Chart for the AUD/USD
Aussie eased against the dollar, with the pair now holding right above 0.9370 static support zone and the hourly chart showing 20 SMA turning south above current price and indicators heading lower below their midlines, suggesting some further slides ahead. In the 4 hours chart price stands right above moving averages, while indicators approach their midlines, still in positive territory.
Support levels: 0.9370 0.9330 0.9300
Resistance levels: 0.9420 0.9460 0.9500
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