EURUSD
The Euro recovered on yesterday, testing offers near 1.3750 before pulling back to 1.3560. On an intra-day basis, the upside may remain under pressure but the daily studies are bearish and a break of 1.4000/15 is needed to confirm the uptrend. Until then, strong resistance is expected to limit weaker rallies at 1.3840, the 50% retracement of the 1.4363-1.3312 downward swing. On the downside, support is currently formed at 1.3530/60 backed by 1.3480 and 1.3370. Current quote is 1.3642 @07:20 GMT
Support levels: 1.3530/60, 1.3480, 1.3370 and 1.3300/15.
Resistance levels: 1.3750, 1.3840, 1.3900 and 1.4000/15.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Resistance at .7260 could not be breached and the Aussie Dollar pulled back towards key support on the .7000 handle, testing bids to as low as .7025 earlier today. While the said support is intact, daily studies will remain bullish and potential rallies may extend towards .7260 on first phase and above, to .7560. Below .7000 should resume downtrend and extend losses towards the .6760 region. Current quote is .7070 @07:20 GMT
Support levels: .7000/15, .6960, .6900 and .6760.
Resistance levels: .7100, .7260 and .7350.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bullish
EURCHF
Daily momentum is weaker as the Euro fails to advance higher versus the Swiss Franc. Minor support is formed by yesterday's low at 1.4930 and a potential break may open 1.4755 for a later test. Intra-day studies are bearish at the time of this report. Current quote is 1.4980 @07:20 GMT
Support levels: 1.4930, 1.4890, 1.4800 and 1.3755.
Resistance levels: 1.5000, 1.5090 and 1.5185.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
