EURUSD
The Euro failed to hold above the 1.2790 support on yesterday and declined into the 1.2650-1.2675 support region. Current recovery towards the intraday resistance at 1.2790 provides an hourly upside bias but downside risk is quite high, and a resume of the downtrend may occur, bringing lows into the 1.25 region on focus. Support is seen at 1.2675 backed by 1.2525 and 1.2335. Resistance starts at 1.2790 followed by 1.2900 and 1.3050. The NFP data release today will most likely add some fuel to the already high volatile trading ranges. Current quote is 1.2762 @07:40 GMT
Support levels: 1.2675, 1.2525 and 1.2335.
Resistance levels: 1.2790, 1.2900, 1.3050 and 1.3260.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
AUDUSD
The correction almost reached the 50% retracement of the entire .6006-.7013 move at .6510 and the short term momentum is losing strength. A potential break of the support at .6510 will signal a trend reversal, resuming downtrend. Resistance starts at .6780 followed by .6860 and .7010. Current quote is .6670 @07:40 GMT
Support levels: .6600, .6510/15 and .6400.
Resistance levels: .6780, .6860 and .7010.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
The daily studies remain bullish despite the minor pullback during the last 2 days. Near term momentum won't be affected while support at 1.4910 and lower at 1.4780 will remain intact. Resistance is currently seen at 1.5025 followed by 1.5075 and 1.5150. A sustained break of the 3'rd mentioned resistance should open 1.5350 for a later test. Upside is slightly favored for now. Current quote is 1.4996 @07:40 GMT
Support levels: 1.4960, 1.4910 and 1.4780.
Resistance levels: 1.5025, 1.5075, 1.5150, 1.5200 and 1.5350.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
