EURUSD
Downside remains under pressure as the Euro has reached intra-day lows at 1.3140 on yesterday. Current recovery to 1.3300 is rather corrective and the decline is likely to resume within the next trading sessions. On the upside, resistance emerges at 1.3315 followed by 1.3400 and 1.3550. Important support is formed on the 1.3100 handle backed by the psychological barrier of 1.3000. Intra-day sentiment is bullish while the daily studies are bearish. Current quote is 1.3280 @07:40 GMT
Support levels: 1.3200, 1.3140, 1.3100 and 1.3000.
Resistance levels: 1.3315, 1.3400 and 1.3550.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
The Aussie Dollar has recovered yesterday's losses on current rally towards resistance at .6800. A potential break on the upside may open .6965 for a later test. The daily studies are bearish since the breach of key support at .7000. Important support is formed at .6530, below yesterday's low. Minor interim support is eyed at .6670. Current quote is .6772 @07:40 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
The pair has bottomed on the support zone around 1.4750 on yesterday and recovered most of yesterday's losses, currently trading around 1.4830. Intra-day resistance is seen at 1.4900 followed by 1.4970 and 1.5050. Support is seen at 1.4750 backed by 1.4700/15. Intra-day momentum is pullish at the time of this report but the daily downside bias is likely to favor some more selling on rallies. Current quote is 1.4831 @07:40 GMT
Support levels: 1.4800, 1.4750 and 1.4700.
Resistance levels: 1.4900, 1.4930 and 1.5050.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
