EUR/USD Current price: 1.3550
Pair reached 1.3530 support and despite oversold bearish momentum remains strong enough to suggest more downside pressure to come in the pair. 20 SMA remains strongly bearish above current price, while we are actually under the 61.8% retracement of last bullish daily rally. 4 hours charts also show pair oversold, so an upside corrective movement seems possible, with immediate resistance at the 1.3580/1.3600 area. As long as under that zone, bearish potential is strongest for next session.
Support levels: 1.3530 1.3480 1.3430
Resistance levels: 1.3580 1.3610 1.3640
GBP/USD Current price: 1.5144
Consolidating close to daily lows, pair is ranging in between 1.5120 and 1.5160, watching for more cues. Hourly indicators are again losing strength while 20 SMA has a nice bearish slope to limit the upside. However, 4 hours charts show CCI bottoming around -200 level, so maybe some upside corrective movement could occur if above mentioned top of the range. On contrary, under 1.5110, pair likely to resume trend.
Support levels: 1.5120 1.5180 1.5150
Resistance levels: 1.5160 1.5190 1.5230
USD/JPY Current price: 90.61
Dollar momentum is still not enough to push pair above top of range of these past two weeks, and pair remains technically unchanged; hourly indicators show also some exhaustion at the top, supporting current downside corrective movement. As commented in previous updates, pair needs to break out with strength to define a trend, not seen at this point
Support levels: 90.40 90.10 89.80
Resistance levels: 90.80 91.10 91.40
USD/CHF Current price: 1.0607
Slightly bullish in the hourly chart, pair is mostly correcting past days slump, triggered by an SNB member regarding rate hikes. Attempting to regain the 1.0600 level, hourly indicators show current bullish rally with further room to rise. 200 EMA around 1.0620 will be first resistance area to watch, followed by 1.0650 yesterday’s high.
Support levels: 1.0580 1.0550 1.0510
Resistance levels: 1.0620 1.0650 1.0710
