EUR/USD Current price: 1.3475
Pair continues losing ground after an upside corrective movement to the 1.3545 static resistance area. Hourly charts show 20 SMA with a bearish slope capping the upside, while indicators point for further loses despite close to oversold levels. 4 hours charts also remain strongly bearish, with key 1.3440 level ahead: being the yearly low, a break lower could signal the beginning of a sell off in the pair.
Support levels: 1.3440 1.3410 1.3360
Resistance levels: 1.3500 1.3545 1.3590
GBP/USD Current price: 1.4979
Unable to regain the 1.500 level, pair upside corrective movement after testing 1.4920 lows, remains capped by 20 SMA in the hourly chart, still pretty bearish pre Wall Street opening. Indicators in hourly chart look mostly flat, unable to regain upside strength while 4 hours ones are also losing past hours upside momentum.
Support levels: 1.4960 1.4920 1.4880
Resistance levels: 1.5020 1.5060 1.5100
USD/JPY Current price: 90.03
Pair fell heavily in the past 30 minutes, as general risk aversion finally weighted on the pair. However, and despite the bearish momentum, pair needs to extend current rally under 89.70 support area and base of past days range to confirm a trend continuation; hourly indicators reached extreme oversold conditions yet no signs of reversal yet, as well as 4 hours ones. A quick recovery above 90.10/20 area, while likely signal range remains valid.
Support levels: 89.70 89.40 89.00
Resistance levels: 90.20 90.50 90.80
USD/CHF Current price: 1.0646
Slightly bullish, pair managed to break and remain firmly above 1.0610 now support area, where 200 EMA lies in the hourly chart; indicators remain bullish, yet losing some strength, while 4 hours charts show indicators also losing strength, with the upside limited by today’s high around 1.0660; only a clear break above will signal further gains for today, as long as the pair remains above 1.0600 level.
Support levels: 1.0610 1.0580 1.0550
Resistance levels: 1.0660 1.0710 1.0730
