EURUSD
The Euro continues to trade lower against the greenback and yesterday's fall below the support region of 1.2660-1.2700 signals a change in near term momentum, resuming downtrend. Next support is eyed at 1.2525 then 1.2400 and 1.2335. Resistance emerges at 1.2665 followed by 1.2785 and 1.2900. Both daily and intraday studies are bearish and a potential break of the support at 1.2525 will most likely extend Euro's losses towards recent lows into the 1.2330 zone. Current quote is 1.2643 @07:30 GMT
Support levels: 1.2525, 1.2400 and 1.2335.
Resistance levels: 1.2665, 1.2785 and 1.2900.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
AUDUSD
Overall bullish structure is still intact as the Aussie holds its gains above the .6540 mark. Next support levels are seen on the fib barriers at .6450 and .6345/50. Resistance starts at .6700 followed by .6875 and .7075. A pullback down to .6450 or .6345/50 should trigger some bids although it seem clever to stay on the short side, selling the rallies. Current quote is .6706 @07:30 GMT
Support levels: .6540, .6450 and .6345/50.
Resistance levels: .6700, .6875 and .7075.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
Upside remains under pressure and key resistance is eyed at 1.4940 then higher at 1.5070. A break through those two barriers is needed to confirm the uptrend. On the downside, support starts at 1.4800 backed by 1.4730 and 1.4640. Daily studies are slightly bullish. Current quote is 1.4841 @07:30 GMT
Support levels: 1.4800, 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
