EURUSD
The Euro is currently testing bids below the 1.3280 support, formed by the 61.8% retracement of the 1.2390-1.4720 move. The selling may accelerate towards next important support which is seen at 1.3100 and below, on the 1.3 mark. Both intra-day and daily studies are bearish and a change on daily momentum is less probable on a near term basis. On the upside, minor resistance is formed at 1.3300 followed by 1.3400 and a stronger barrier at 1.3550. Current quote is 1.3243 @07:20 GMT
Support levels: 1.3200, 1.3100 and 1.3000.
Resistance levels: 1.3300, 1.3400 and 1.3550.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Important support is on focus at .6670 and will probably be tested soon. A potential break will open .6530, the 61.8% retracement of the .6073-.7267 move. On the upside, intra-day resistance is formed at .6800 followed by .6870 and .7000. Both daily and intra-day studies are bearish. Current quote is .6740 @07:20 GMT
Support levels: .6670, .6600 and .6530.
Resistance levels: .6800, .6870 and .7000.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bearish
EURCHF
Downtrend is confirmed by yesterday's breach of support at 1.4930. Current selling may extend towards support at 1.4760. Resistance emerges at 1.4900 followed by 1.4930 and 1.5050. Both intra-day and short-term studies are bearish. Current quote is 1.4842 @07:20 GMT
Support levels: 1.4800, 1.4760 and 1.4700.
Resistance levels: 1.4900, 1.4930 and 1.5050.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
