EUR/USD Current price: 1.2747
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Better than expected US data as trade balance deficit contracted to 42.8B while weekly unemployment claims also fall to 451K, feed risk appetite surged yesterday. Dollar is under pressure across the board, thus CHF and YEN are holding better despite market sentiment. Technically, pair is turning intraday bullish with current hourly candle opening above 1.2735 static support area, with indicators also heading north: pair needs to accelerate above 1.2770/80 static resistance area, also 200 EMA in the hourly, to regain past week bullish momentum and extend gains above 1.2800 price zone.
Support levels: 1.2735 1.2700 1.2660 1
Resistance levels: 1.2780 1.2810 1.2840
GBP/USD Current price: 1.5431
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Pound remains weak despite risk appetite environment, again hit by worse than expected data, showing a Trade Balance wider deficit early today; struggling around 1.5420 area, pair has a not so strong bullish tone coming from hourly charts, as 20 SMA keeps capping the upside, while momentum is far from giving a continuation signal. An acceleration above mentioned MA could however, favor more rises today, as long as above 1.5400 price zone.
Support levels: 1.5420 1.5370 1.5330
Resistance levels: 1.5470 1.5520 1.5560
USD/JPY Current price: 83.73
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Pair seems immune to US rising stocks, still capped under 84.10 static resistance zone. Lacking direction according to hourly indicators, yen strength persists across the board, while 4 hours chart also shows a general bearish tone in the cross, with 20 SMA capping the upside; still with US indexes quite positive ahead of the opening, the downside should also remain limited above 83.35/50 support zone.
Support levels: 83.60 83.35 82.90
Resistance levels: 84.10 84.45 84.80
USD/CHF Current price: 1.0113
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Unchanged since last updates, Swiss Franc strength remains intact; Heading lower, pair remains consolidating close to monthly low around 1.0065, aiming to retest the area on dollar weakness. Hourly indicators however, are still above their midlines, thus price developing under 20 SMA favors the downside. Bigger time frames support a bearish continuation today, towards 1.0065: a break below, could trigger a strong sell off in the pair, aiming to test 0.9970/80 zone.
Support levels: 1.0100 1.0065 1.0020
Resistance levels: 1.0140 1.0170 1.0220
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