EUR/USD Current price: 1.4638
Approaching to daily lows after U.S. Durable Goods Orders, hourly indicators are giving bearish continuation signals, thus pair is still rebounding from the 1.4610/20 area, 61.8% Fibonacci retracement of the monthly fall 1.6038/1.2330. Confirmations under that level could trigger more bearish momentum in the pair, as sentiment has turned negative since past Thursday. 20 SMA above current price and with a bearish slope both in 1 and 4 hours charts, support the bias.
Support levels: 1.4620 1.4580 1.4550
Resistance levels: 1.4680 1.4710 1.4745
GBP/USD Current price: 1.5960
Gbp remains under strong selling pressure, having tested daily lows around 1.5915 after the U.S. report. Consolidating under the weekly 38.2% retracement, pair break of head and shoulders daily figure confirmed yesterday continues developing. Hourly indicators show more downside movements ahead for next hours, yet bigger time frames show the rally to the downside has over extended. Corrections should remain capped under 1.6040 to confirm the bias, and break under today’s low, will trigger the continuation rally.
Support levels: 1.5915 1.5860 1.5810
Resistance levels: 1.5970 1.6010 1.6060
USD/JPY Current price: 90.37
Japanese Yen reached key 90.00 level, and rebounded slightly to the upside, still quite bearish in bigger time frames. Hourly indicators show some downside exhaustion in the pair, while 20 SMA holds the bearish slope. Risk aversion will likely keep the pair under pressure, and a break under 90.00 psychological level could accelerate the fall. Clearly above 91.35, not seen at this point, will deny the perspective.
Support levels: 90.70 90.30 90.00
Resistance levels: 91.00 91.35 91.70
USD/CHF Current price: 1.0321
USD/CHF broke above 1.0320 resistance area, triggering some upside momentum in the hourly chart. Pair has been capped under that level since past Monday, so consolidation around current level will suggest some further upside continuation. Hovering around that zone, pair needs to overcome previous high at 1.0341 to confirm the upside continuation, while 1.0420 will be the key level to watch for a stronger upside movememt.
Support levels: 1.0320 1.0275 1.0250
Resistance levels: 1.0350 1.0390 1.0420
