EURUSD
Upside is under pressure as the Euro has reached a higher high on yesterday, climbing towards first important resistance level at 1.3840. A sustained break above the said barrier will most likely trigger some short-covering, pushing towards the 1.4 mark for a later test. Minor support is now seen at 1.3630 backed by 1.3550. Daily sentiment is bearish while the intra-day studies are neutral at the time of this writing. Large moves are possible today due to the NFP data release in the U.S. Current quote is 1.3696 @07:30 GMT
Support levels: 1.3630, 1.3550, 1.3480 and 1.3370.
Resistance levels: 1.3750, 1.3840, 1.3900 and 1.4000/15.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
The Aussie Dollar recovered after testing bids below key support at .7000. Minor resistance at .7120 has to be cleared in order to regain strength and bring pressure back into the .7260 region where stronger resistance is formed by the 50% retracement of the .8517-.6006 move. Intra-day momentum is slightly bullish at the time of this report. Current quote is .7096 @07:30 GMT
Support levels: .7000/15, .6960, .6900 and .6760.
Resistance levels: .7120/25, .7260 and .7350.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bullish
EURCHF
Fragile support is seen a bit lower at 1.4930 and a potential break may open 1.4760 for a later test. Daily studies are slightly bullish still, but below 1.4930 should resume downtrend. On the upside, Key resistance is seen at 1.5150. Hourly studies are bearish. Current quote is 1.4973 @07:30 GMT
Support levels: 1.4930, 1.4890, 1.4800 and 1.3755.
Resistance levels: 1.5000, 1.5090 and 1.5150/85.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
