EURUSD
The Euro continued its fall reaching intraday lows below the 1.5400 figure but so far, key support into the 1.5380 area remains intact. Although short-term sentiment favors the dollar, the buck will most likely face a hard time on a potential attempt to break through the support zone of 1.5340 to 1.5380. Key support is noticed lower, at 1.5230, formed by the 50% retracement of the 1.4440-1.6020 move.
On the upside, near term resistance emerges at 1.5490 followed by 1.5565 and 1.5590. Current quote is 1.5422 @06:34 GMT
Support levels: 1.5415, 1.5400, 1.5370-85, 1.5340 and 1.5230
Resistance levels: 1.5485, 1.5505, 1.5565, 1.5590 and 1.5630.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
AUDUSD
The Australian dollar is aiming the .9435 resistance on current intraday recover, rebuilding momentum after the 3 big figures selloff. Support is formed into the .9330 zone by a rising trendline backed by .9300 and .9220. On the upside, resistance follows .9435 into the .9485-.9500 zone. A potential break above .9500 will cancel short term downtrend. Current quote is .9383 @06:34 GMT
Support levels: .9360, .9330, .9300 and .9220
Resistance levels: .9435, .9485-00, .9520
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
EURCHF
Intraday sentiment is neutral at the time of this report, as the pair failed to break the 1.6130 resistance on yesterday and pulled back below the 1.6100 mark. Short term sentiment is bearish and only above 1.6200 would resume uptrend. Support is seen into the 1.6025-1.6040 zone backed by 1.5970 while resistance is noticed at 1.6130 followed by 1.6160 and 1.6230. A potential rally towards 1.6160 and even 1.6220 seem possible while holding above 1.6070. Current quote is 1.6091 @06:34 GMT
Support levels: 1.6070, 1.6040, 1.6025, 1.5970 and 1.5955
Resistance levels: 1.6130, 1.6160, 1.6200 and 1.6230.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
