EUR/USD Current price: 1.2695

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e

Euro is under strong pressure this Friday, after breaking key 1.2730 support, past week low. Technically oversold according to hourly chart, pair is hovering around 1.2700, capped by mentioned level. Above it, corrective movements could extend towards 1.2770 zone, thus the bias remains bearish according both to 1 and 4 hours charts.

Support levels: 1.2680 1.2630 1.2600

Resistance levels: 1.2730 1.2770 1.2810

GBP/USD Current price: 1.5495

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g

Heading south as dollar extends gains across the board, Pound bearish momentum extends with still room to go: indicators are far from oversold conditions, thus pair needs to accelerate under 1.5460 static support zone (61.8% retracement of last daily bullish rally) to confirm a stronger bearish rally in current US session.

Support levels: 1.5460 1.5420 1.5370

Resistance levels:  1.5520 1.5560 1.5590

USD/JPY Current price: 85.63

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y

Despite risk aversion environment, numerator yen is losing ground against greenback as US stocks opened with a slightly bullish tone. Momentum remains strong in hourly charts, thus acceleration above 85.70 is needed, to confirm a test of the 86.00 area, where the daily descendant trend line coming from June highs around 92.88 will be key: break higher could start triggering stops, accelerating the rally.

Support levels: 85.45 85.10 84.70

Resistance levels: 85.70 86.00 86.40 

USD/CHF Current price: 1.0375

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c

Correcting to the upside, Swiss Franc remains to be the strongest currency across the board despite dollar general gains. Heading north thus limited by a bearish 20 SMA, pair needs to regain at least 1.0410 to end the day to the upside; lose of 1.0350 should signal further downside pressure in the cross today.

Support levels: 1.0350 1.0320 1.0285

Resistance levels:  1.0410 1.0440 1.0480


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In this report, you will find the term Numerator Currency.