EUR/USD Current price: 1.3131View Live Chart for the EUR/USD
The EUR/USD jumped from a daily low at 1.2973 to 1.3158, both Fibonacci retracements of the 1.2623/1.3320 rally, as early Europe Greece confusing situation sent investors away from the common currency. Later on the day, an arrangement between the ECB and the troubled country, along with positive US employment, production and housing data, sent them back to high yielders, as stocks soared erasing most of past Wednesday losses. The EUR/USD hourly chart shows indicators exhausted to the upside near overbought levels, while price holds near mentioned high, well above a bullish 20 SMA. In the 4 hours chart, price overcomes 20 SMA and 200 EMA while indicators head higher still below their midlines. The pair is biased higher, with a break above 1.3160 pointing for a test of the 1.3200 area in the short term.
Support levels: 1.3110 1.3070 1.3040
Resistance levels: 1.3160 1.3210 1.3240
GBP/USD Current price: 1.5796View Live Chart for the GBP/USD (Select the currency)
Pound follow the Euro lead most of the day, trading lower early Europe and breaking higher against major rivals, during the US session. The GBP/USD reached 1.5815 before finally stalling, barely retreating from the level on extreme overbought readings reached in the hourly chart. 4 hours one, shows a stronger bullish momentum, as indicators crossed downside up there midlines, and price holds steady above 20 SMA, that lost its bearish slope and turned flat, and above 200 EMA.
Support levels: 1.5770 1.5735 1.5690
Resistance levels: 1.5825 1.5870 1.5920
USD/JPY Current price: 78.87View Live Chart for the USD/JPY (select the currency)
The USD/JPY continues its steady advanced, trading for the third day in a row above 200 DMA that had remained unbroken since April past year. Price stalled at 78.95, while founded support around 78.70 over the last few hours, with hourly indicators losing strength yet still in positive territory, while price holds above a bullish 20 SMA. In the 4 hours chart, indicators turned flat in overbought levels, yet there are no signs of reversal or even corrections yet. A break above psychological 79.00 level, could trigger another round of stops, sending the pair towards the 79.50 area, past October monthly high.
Support levels: 78.60 78.35 78.00
Resistance levels: 79.00 79.20 79.55
AUD/USD Current price: 1.0757View Live Chart for the AUD/USD (Select the currency)
Aussie traded in early weekly range, regaining the upside on market mood improvement, although still limited below 1.0770 strong static resistance zone. Hourly chart shows indicators losing early strength holding in positive territory, while price consolidates in a tight range, supporting further gains more if local share markets follow the European and American lead. In bigger time frames, price goes back and forward around a flat 20 SMA since past Tuesday, while indicators regain their midlines, supporting the bullish tone, limited for now as long as below mentioned static resistance level.
Support levels: 1.0725 1.0690 1.0650
Resistance levels: 1.0770 1.0810 1.0850
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