EUR/USD Current price: 1.3407
Corrective Price Behavior is Dynamically Supported by the 20 SMA @ 1.3420 with any breach to bring 1.3399/1.3400 and 1.3363 in the Immediate-Term. Additional Dynamic Support at the 200SMA 1.3337 Confluence with 61.8% Upleg Retracement of 1.3248 Low. Bearish Sentiment continues in the Immediate-Term on these Corrective Behaviors, with RSI Reading and MA Slopes providing confirmation. A clear breach of Static Resistance @ 1.3511 finds Bullish Sentiment regaining onto 1.3580 and finally to 1.3630, respectively.
Support levels: 1.3399 1.3363 1.3337 1.3287
Resistance levels: 1.3445 1.3505 1.3580 1.3630
GBP/USD Current price: 1.4668
Bullish Sentiment begins to Consolidate with 1.4754 Static Resistance capping Price Behavior as Corrections are favored in the Immediate-Term. 1.4643 Dynamic Support is initial Area of contact, with addition Downside Risk Levels being 1.4600 and 1.4524. Uptrend Dynamic Support provided by the 20SMA comes in at 1.4714 where if Sentiment holds, will find Price moving to breach the 1.4754 Resistance moving onto 1.4825. Continuation will be followed by 1.4853 in the Near-Term bringing the Swing-High Up leg from 1.3648 to Completion.
Support levels: 1.4643 1.4600 Handle 1.4525 1.4455
Resistance levels: 1.4754 1.4825 1.4855
USD/JPY Current Price: 99.39
Consolidative Price Behavior brings a touch of Static Resistance @ 100.20 briefly, although 99.89Resistance proves more solid in Topping Behavior on the Hourly View. Slight Downside Risk is favored in the Immediate-Term, with a breach of 99.27 Dynamic Support bringing 99.00 Handle and 98.70 into View. Clear Confluence @ 98.33 200SMA/Static Support looks formidable to Breach, and provides Indicative Areas as a Retracement to gain Bullish Momentum once again, and another Test of the coveted 100.00 Handle in the Near-Term.
Support levels: 98.69 98.33 98.07 97.75
Resistance levels: 99.76 100.00 Handle 100.20 100.48
USD/CHF: Current Price: 1.1373
Corrective Sentiment from the Hourly Bear Flag Formation finds Flag Completion @ approximately 1.1385, bringing a Downside Risk Projection deeply to 1.1235 in the Mid-Term if Violation of Static Support Levels comes to fruition. In the Interim, a Breach of 1.1402 Hourly 200SMA @ 1.1402 brings 1.1430 Dynamic Resistance in sight, followed by 1.1487 to Invalidate the entire Flag Formation Itself. Otherwise, Muted Consolidation bring Neutral Bias in the Immediate-Term moving into Event Data Risk @ 7:15 GMT and especially 12:30 GMT, respectively.
Support levels: 1.1358 1.1330 1.1308
Resistance levels: 1.1402 1.1446 1.1487 1.1505
