• EUR/USD

eurusd270709


Current level-1.4164

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.3064 and 1.3524.
  
As expected, the pair was sold-off pretty fast to an intraday low of 1.4130, and the bias is still negative here for 1.4050 support zone. An eventual break above 1.4194 will neutralize the bearish outlook and will bring back the range in play.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.41941.42701.43381.4720
Support1.41091.40501.38301.3425

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  • USD/JPY

usdjpy290709

Current level - 94.18

A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 98.13 and 97.75.

With the recent low at 94.01, the pair has tested the dynamic support, projected around 93.96-94.04 and is currently in a minor consolidation before next leg downwards, to 90.67. Crucial are the levels around 95.10.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance95.1095.3896.79101.42
Support94.0191.6789.6087.12

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  • GBP/USD

gbpusd270709

Current level- 1.6367

The pair is in an downtrend, after peaking at 1.6746. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4778 and 1.5510.
   
As expected, the pair broke through 1.6454, reaching low at 1.6353. Currently a minor consolidation is unfolding above 1.6353, that is expected to be limited below 1.6412 before next drowning towards 1.6292, en route to 1.6120.

Key Market Levels
MinorIntradayMajorIntraweek
Resistance1.64121.65551.67461.70+
Support1.62921.61201.57781.5352