EUR/USD Current price: 1.3815
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European PMIs surged, US data missed expectations and even new home sales plunged to an 8 month low, but the EUR/USD refused to advance. As commented on previous updates, seems investors are determinate to keep the range as tight as possible until next ECB meeting, to see if Super Mario will back up his words with action. The pair surged up to 1.3854 but slowly returned below the 1.3825 mark. The hourly chart shows price now below its 20 SMA and indicator flat in neutral territory, with price in its comfort zone. The 4 hour chart shows indicators maintaining the neutral stance seen over the past couple of weeks, with buyers still ready to defend the 1.3780 price zone.
Support levels: 1.3780 1.3750 1.3730
Resistance levels: 1.3825 1.3860 1.3890
EUR/JPY Current price: 141.58
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Yen advance was also erased over the US session, with the pair trading barely 10 pips away from its daily opening. The hourly chart shows price now contained below its 100 SMA while indicators aim higher below their midlines, showing no aims to extend higher. In the 4 hours chart, technical indicators present slightly bearish tone while price hovers around 100 and 200 SMAs both flat and converging for already 2 weeks, showing the little volume around the pair.
Support levels: 141.35 140.90 140.40
Resistance levels: 141.80 142.20 142.60
GBP/USD Current price: 1.6780
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Pound was initially forced lower against the greenback by EUR/GDP demand, remaining under pressure for the rest of the day. The hourly chart shows price having a hard time right above 1.6770 price zone with indicators just correcting oversold readings and 20 SMA with a strong bearish slope above current price. In the 4 hours chart technical readings maintain the bearish momentum keeping the downside exposed for the upcoming hours, and as long as price remains capped below 1.6820 immediate resistance.
Support levels: 1.6770 1.6745 1.6710
Resistance levels: 1.6820 1.6870 1.6915
USD/JPY Current price: 102.53
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The USD/JPY managed to recover the ground lost in Asia, trading again right below the 102.60 static resistance zone. With US stocks soaring after the close, the pair may well extend its advance over the upcoming hours. Technically, the short term picture shows price capped below 100 SMA, while indicators aim higher still below their midlines. In the 4 hours chart the bearish momentum seen on previous update has receded with indicators now turning flat below their midlines.
Support levels: 102.10 101.70 101.30
Resistance levels: 102.60 102.95 103.20
AUD/USD Current price: 0.9289
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Aussie finally stopped its bleeding against the greenback presenting a shy recovery afterwards, contained below 0.9300 figure. The hourly chart shows price struggling around bearish 20 SMA while momentum turns flat in neutral territory. In the 4 hours chart bias remain to the downside albeit with no strength at the time being. Further falls should be expected if price breaks below mentioned support, albeit RBNZ decision may give Aussie a hand today.
Support levels: 0.9260 0.9210 0.9370
Resistance levels: 0.9300 0.9340 0.9380
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