EUR/USD Current price: 1.4066
Hourly charts have turned bearish with current candle opening under 20 SMA that turned down and indicators giving bearish crosses (momentum has just cut under the 100 line). Reversing of risk appetite seen across the board supports more dollar bullish momentum for the next hours. Watch for 200 EMA around 1.4000 to hold the downside.
Support levels: 1.4040 1.4000 1.3960
Resistance levels: 1.4100 1.4140 1.4180
GBP/USD Current price: 1.6523
Despite an intraday fresh year high at 1.6744, Gbp is suffering after a number of negative economic readings. Break under the ascendant trend line, supports further falls if 1.6500 gives up, as indicators are clearly bearish in the hourly. 20 SMA above current price should hold the upside in the next hours. Watch for a pullback to the broken line.
Support levels: 1.6500 1.6460 1.6420
Resistance levels: 1.6580 1.6610 1.6660
USD/JPY Current Price 96.44
Pair surpassed yesterday’s high suggesting 96.00 has turned into a key support level to watch. Hourly indicators are clearly bullish despite in smaller time frames pair seems a bit over bought. Expect a minor downside correction before next up leg.
Support levels: 96.20 95.80 95.55
Resistance levels: 96.60 97.15 97.50
USD/CHF Current Price: 1.0837
As, expected 61.8% Fibonacci rally retracement mentioned in Asian update has hold the downside, and the pair is turning slightly bullish in the hourly. So far 200 EMA around 1.0850 is holding the upside and above, 1.0870, 38.2% of the mentioned rally, is the point to watch for further raises.
Support levels: 1.0800 1.0770 1.0720
Resistance levels: 1.0840 1.0870 1.0920
NOTE: when not detail, supports and resistance levels reflect past session candles minimums or maximums congestion zones.
