EURUSD
Short term sentiment remains mixed although the Euro has found support on the 61.8% retracement of the 1.5285-1.5820 move at 1.5490. While below 1.5615, there are chances of a re-test of the downside support zone at 1.5490 then lower at 1.5430-50. Intra-day momentum is bearish at the time of this report. Current quote is 1.5521 @06:28 GMT
Support levels: 1.5520, 1.5480-90, 1.5460, 1.5400 and 1.5360.
Resistance levels: 1.5560, 1.5610, 1.5665, 1.5700, 1.5760 and 1.5820.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
AUDUSD
The Aussie dollar tested the 38.2% retracement of the 0.9290-0.9650 move at 0.9513 on Friday and it looks like it is going to revisit the 0.9510 zone as it is already down 40 points on today's session. A break of the said support at 0.9510 may favor more downside action aiming towards the bearish objective at 0.9470-75 where important support is seen. Overall short term structure is corrective while intra-day studies are bearish. Current quote is 0.9524 @06:28 GMT
Support levels: 0.9513, 0.9500, 0.9475 and 0.9425.
Resistance levels: 0.9555, 0.9600, 0.9650 and 0.9700.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
EURCHF
The failed attempt to break the 1.6300 mark on Friday favored the decline to 1.6210 and a break below 1.6200 may bring the previous lows at 1.6130 on focus. Bearish momentum on both intra-day and daily studies encourage the current resume of Friday's fall. Current quote is 1.6193 @06:28 GMT
Support levels: 1.6150, 1.6130 and 1.6080.
Resistance levels: 1.6200, 1.6250, 1.6300 and 1.6340.
