EURUSD
Current correction which followed the recent Euro rally keeps the pair below the 1.29 interim resistance but the daily momentum remains slightly bullish while holding above first support at 1.2790. Above 1.2900 should regain strength for a new test of 1.3050 later. Support backs 1.2790 at 1.2675 and 1.2525 while resistance follows 1.2900 at 1.3050 and 1.3260. The upside is favored as long as 1.2790 is intact. Current quote is 1.2855 @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
The Aussie dollar has given back most of its Tuesday gains, falling below intraday support at .6860 on yesterday. Upside bias of short term studies is intact and the Aussie may extend its losses to as low as .6515 without a significant change of daily momentum. Resistance starts at .6860, the previous support, followed by .7010 and .7250. Current quote is .6770 @07:40 GMT
Support levels: .6680, .6630 and .6515.
Resistance levels: .7015, .7075 and .7250.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
Support at 1.4960 still holds under the pressure of current pullback and the uptrend is intact. Resistance barriers are seen at 1.5025 followed by 1.5150, 1.5200 and 1.5350. Support backs 1.4960 at 1.4910 and 1.4780. Intraday studies are slightly bearish at the time of this writing. Current quote is 1.5010 @07:40 GMT
Support levels: 1.4960, 1.4910 and 1.4780.
Resistance levels: 1.5025, 1.5150, 1.5200 and 1.5350.
