EURUSD
The climb to 1.2740 on yesterday doesn't provide any clue regarding further price action as the Euro continues to consolidate and look for direction. Intraday resistance is formed at 1.2740 followed by 1.2800 and 1.2920. Support starts at 1.2600 backed by 1.2525 and 1.2420. Daily sentiment is neutral while intraday studies are slightly bullish at the time of this writing. If the Euro manages to regain some strength, a rally past yesterday's high will be possible, but resistance into the 1.2920-1.3 region will probably limit the upside for a while. Current quote is 1.2625 @07:40 GMT
Support levels: 1.2600, 1.2525, 1.2420 and 1.2335.
Resistance levels: 1.2740, 1.2800 and 1.2920.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
AUDUSD
Key support zone around .6335 is seen 100 points below current trading price. Daily sentiment is bearish and only above .6700 will re-initiate uptrend while on the downside, a potential break of the support at .6335 will open .6005, recent record low. Resistance is seen at .6550 followed by .6700 and .6880. Current quote is .6441 @07:40 GMT
Support levels: .6335/40, .6200 and .6005.
Resistance levels: .6550, .6690/00 and .6790.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bearish
EURCHF
Intraday resistance is formed by 1.5230 and a sustained break will most likely favor a rally to 1.5350 where the next resistance is seen. On the downside, support starts at 1.5100 backed by 1.5000. The daily studies are bullish. Current quote is 1.5138 @07:40 GMT
Support levels: 1.5100, 1.5000, 1.4940/50 and 1.4750.
Resistance levels: 1.5230, 1.5350 and 1.5400.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish
