EURUSD
The Euro recovers some ground after finding support at 1.2700, the 61.8% retracement of the 1.2330-1.3297 move. Minor intraday support is also seen at 1.2815 while on the upside, resistance starts at 1.2925 followed by 1.3 and 1.3110. The daily studies are slightly bullish and will remain so while holding above the 1.2640-1.2700 support zone. Current quote is 1.2857 @07:40 GMT
Support levels: 1.2815, 1.2700 and 1.2500.
Resistance levels: 1.2925, 1.3 and 1.3110.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
AUDUSD
The upside is under pressure and first resistance is seen at .6900 followed by .7070 and .7240. Support is formed at .6670 backed by .6550 and .6450. A potential break of .6900 will provide the green light for .7240/60 key resistance. Intraday and daily studies are bullish. Current quote is .6840 @07:40 GMT
Support levels: .6670, .6550 and .6450.
Resistance levels: .6900, 7070 and .7240/60.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
Current recovery brings the upside on focus with key resistance emerging at 1.4900 and 1.4940. A break is needed to confirm the uptrend which will most likely aim towards the bullish objective at 1.5070. Both daily and intraday studies are bullish. Support is seen at 1.4730 backed by 1.4640 and 1.4540. Current quote is 1.4827 @07:40 GMT
Support levels: 1.4730, 1.4640 and 1.4540.
Resistance levels: 1.4900, 1.4940 and 1.5070.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
