EUR/USD Current price: 1.4980
Pair remains under 1.5000 after losing the level in a tiny trading American session; waiting for some cues from local stocks markets, hourly indicators look slightly bearish at this point, while 20 SMA had turned flat above current price. Bigger time frames remain bullish, so the downside likely to remain limited unless a clear break under 1.4910 level, trigger downside momentum in 4 hours charts. Also, strong gold price around $ 1116/oz, will help keep the downside limited during current session.
Support levels: 1.4950 1.4910 1.4840
Resistance levels: 1.5000 1.5020 1.5060
GBP/USD Current price: 1.6575
Pair remains under the 1.6600 level, capped at this time by 200 EMA in the hourly chart. With indicators a bit exhausted yet with 20 SMA strongly bearish, upside corrective movements should remain capped by the 1.6600/10 area to keep the bearish perspective intact. 1.6480 static support zone is the key level to watch to the downside, as an acceleration trough it, will likely trigger more selling in the pair; only clearly above 1.6650, bearish intraday trend will tumble.
Support levels: 1.6550 1.6520 1.6480
Resistance levels: 1.6610 1.6650 1.6680
USD/JPY Current price: 89.83
Changing to slightly bullish in the hourly chart, previous updates info remains the same: pair is trapped between 89.60/90.00 and needs to clearly move at least above 90.35 to extend the upside rally, more likely at this point, due to bullish indicators and 20 SMA in the hourly chart. 4 hours charts also turned slightly up, supporting the bias.
Support levels: 89.60 89.20 88.80
Resistance levels: 90.00 90.30 90.70
USD/CHF Current price: 1.0080
Pair remains under the 1.0100 level, yet lose the bearish strength clear in the hourly chart. Slightly bullish at this point, we need a clear confirmation above 1.0130 to see the pair extending the upside, as bigger time frames remain bearish. Under 1.0030 yearly low, pair likely to break under parity, and acceleration trough 0.9980 will likely mean a test of the 0.9930 area.
Support levels: 1.0065 1.0030 0.9980
Resistance levels: 1.0100 1.0130 1.0170
