EUR/USD Current price: 1.3190
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The EUR/USD trades higher today, reaching 1.3208 and pulling slightly back from the level, although maintaining its bullish tone according to the hourly chart: indicators hold above their midlines losing some momentum, while 20 SMA gains bullish slope below current price. Better than expected German Ifo survey, along with rising stocks keep the pair in a 1.3080/1.3210 ahead of US opening. In the 4 hours chart, current candle opened above 200 EMA that will offer dynamic support around 1.3170 in case of retracements.
Support levels: 1.3170 1.3130 1.3100
Resistance levels: 1.3210 1.3245 1.3280
GBP/USD Current price: 1.6105
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GBP continues advancing firmly against most rivals, extending its gains against greenback to 1.6120 so far. The hourly chart shows price consolidating around the highs with indicators flat in overbought levels, and 20 SMA offering dynamic support around 1.6060. In the 4 hours chart the bullish momentum is still strong despite indicators are also in overbought levels, suggesting the upside is not done yet. Next strong resistance comes at the 1.6150 area.
Support levels: 1.6100 1.6070 1.6030
Resistance levels: 1.6120 1.6150 1.6190
USD/JPY Current price: 81.65
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The USD/JPY trade slightly higher today, still capped below the 81.80 static resistance zone. The hourly chart shows price aiming to recover above 20 SMA while indicators head south right below their midlines which keeps the upside limited. In the 4 hours chart the pair presents also a limited bearish tone as indicators head lower above their midlines, while price struggles around a bearish 100 SMA. Again a clear break above 81.80 is what it takes to see more advances towards 82.20 price zone.
Support levels: 81.40 81.05 80.80
Resistance levels: 81.80 82.20 82.55
USD/CHF: Current price: 0.9116
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Swissy advance against the greenback reached the 0.9100 area before stalling, with USD/CHF now bouncing slightly higher on extreme oversold readings reached in the hourly chart. The overall bias however remains bearish in the pair as per trading below a strong Fibonacci support around 0.9130 immediate resistance. In the 4 hours chart, indicators head south while price develops below 20 SMA supporting the view.
Support levels: 0.9100 0.9070 0.9030
Resistance levels: 0.9130 0.9175 0.9210
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