EURUSD
Interim support on the 1.2400 mark is on focus at the time of this report. Key support formed by recent lows at 1.2330/35 is seen a bit lower and a potential break will be extremely bearish for the Euro, opening the 1.1650-1.2300 zone for further decline within the upcoming weeks. Another important support level is formed at 1.2190 by the 50% retracement of the entire .8345-1.6035 move and this may cause an important bounce if reached. Daily sentiment is bearish. Current quote is 1.2405 @07:45 GMT
Support levels: 1.2400, 1.2330/35 and 1.2190/00.
Resistance levels: 1.2525, 1.2625 and 1.2800.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
AUDUSD
Support formed at .6390 by the 61.8% retracement of the last upward swing from .6035 to .7015 is under pressure and a full break will strengthen the bearish momentum favoring a decline to the interim support at .6245/50. Resistance emerges at .6480 followed by .6630 and .6780. Current quote is .6400 @07:45 GMT
Support levels: .6390, .6245/50 and .6010.
Resistance levels: .6480, .6630, .6780 and .6860.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
Daily momentum is losing strength but while support at 1.4735 formed by the 50% retracement of the 1.4300-1.5170 move holds, a recovery past the 1.4900-1.4940 resistance zone is possible. Above 1.4940 will re-establish uptrend and confirm that the decline to 1.4735 was corrective. However, while holding below 1.4880, the downside remains under heavy pressure and a fall below 1.4735 may easily occur at any time. Current quote is 1.4803 @07:45 GMT
Support levels: 1.4735, 1.4630 and 1.4540.
Resistance levels: 1.4880, 1.4940 and 1.5050.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
