EURUSD
The Euro traded higher versus the US dollar on yesterday, testing offers at 1.3050 before pulling back to the 50% retracement of yesterday's upward move, at 1.2790. Volatility remains very high this week as the pair traded into a range of 520 points on yesterday, the 10 days range average being 330 points. The daily studies are slightly bullish although the upside should be treated with caution nowadays, support levels being fragile. Support is now seen at 1.2790 backed by 1.2675 and 1.2525. Resistance starts at 1.2900 followed by 1.3050 and 1.3260. Intraday studies are bearish. Support at 1.2790 if on focus and a potential break will favor the greenback to recover yesterday's losses. Current quote is 1.2835 @07:40 GMT
Support levels: 1.2790, 1.2675 and 1.2525.
Resistance levels: 1.2900, 1.3050 and 1.3260.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
AUDUSD
Minor support is formed at .6860/75, the previous resistance which has been breached on yesterday. Daily studies are bullish and next resistance is seen at .7075 followed by .7250, higher. Support backs .6860/75 at .6760 and .6600. Current quote is .6880 @07:40 GMT
Support levels: .6860/75, .6760 and .6600.
Resistance levels: .7015, .7075 and .7250.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
Uptrend is intact and recent gains above the 1.5 mark confirm the near term bullish momentum. Resistance is now seen at 1.5150 followed by 1.5200 and 1.5350. Support starts at 1.5025 backed by 1.4960 and 1.4910. Current quote is 1.5048 @07:40 GMT
Support levels: 1.5025, 1.4960 and 1.4910.
Resistance levels: 1.5150, 1.5200 and 1.5350.
