EUR/USD Current price: 1.2856
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Better than expected US employment data triggered a strong risk appetite rally across the board, thus EUR/USD remained subdued fighting in between following risk sentiment of dollar strength. Still holding gains intraday talking hourly indicators remain flat in the hourly chart with price above an also flat 20 SMA; having reached an intraday high around 1.2875, accelerations above that level are needed to confirm an extension towards 1.2930 resistance zone.
Support levels: 1.2835 1.2800 1.2770
Resistance levels: 1.2875 1.2900 1.2930
GBP/USD Current price: 1.5368
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Upside remains limited in the pair as per own self weakness in Pound, that retreated from strong 1.5470 resistance area, and is barely unchanged after the news. Holding above 1.5420 static support, pair has a very poor bullish tone coming from hourly indicators, while 4 hours chart shows the same picture. A technical confirmation above mentioned level is required to see further intraday gains, while lose of 1.5420 support should put the pair back under pressure.
Support levels: 1.5420 1.5370 1.5325
Resistance levels: 1.5470 1.5520 1.5560
USD/JPY Current price: 85.00
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Pair reacted as expected, favoring strong dollar gains with better than expected data, thus reaching extreme overbought conditions in hourly indicators, some consolidation could be seen around current levels, and even a pullback that should hold above 84.70 to keep the bullish trend alive. Above today’s high, immediate resistance comes at 85.50 zone, followed later by 85.90 weekly high.
Support levels: 84.70 84.45 84.10
Resistance levels: 85.20 85.50 85.90
USD/CHF Current price: 1.0224
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Safe haven Swiss Franc lost momentum and pair rose strongly to halt at previous strong support area, now resistance level around 1.0220. Pair needs to hold around here, to extend the rally towards 1.0265 resistance zone thus hourly indicators still show no enough strength. Lose of 1.0220 will left bearish trend intact, midterm talking.
Support levels: 1.0180 1.0140 1.0100
Resistance levels: 1.0220 1.0265 1.0310
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