EURUSD
The Euro is trading lower ahead of ECB Interest Rate Decision today, as a cut of 50 bps being expected. Support at 1.3100 is still intact but on focus and a potential break may extend losses into the 1.2825 region where a rising trendline is forming medium-term support. Daily studies are bearish and resistance is emerging at 1.3210, 1.3280 and 1.3400 higher. Intra-day bias also favors the downside. Current quote is 1.3152 @07:30 GMT
Support levels: 1.3100, 1.3000 and 1.2825.
Resistance levels: 1.3210, 1.3280 and 1.3400.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Key support is seen at .6530 and a potential test may confirm if the current decline from .7267 to .6530/50 is corrective or not. A potential break below .6530 will probably accelerate the fall towards next support zone around .6340. Both daily and intra-day studies are bearish. On the upside, resistance starts at .6670 followed by .6815 and .7000. Current quote is .6590 @07:30 GMT
Support levels: .6530, .6400 and .6340/50.
Resistance levels: .6670, .6815 and .7000.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bearish
EURCHF
Support at 1.4750 has failed to hold and the pair has reached lows into the 1.4650 region on yesterday. Bearish momentum is getting stronger since no decent pullback occured during the last 7 days. Next important support zone is seen into the 1.4300-1.4415 range. Current quote is 1.4691 @07:30 GMT
Support levels: 1.4650, 1.4500, 1.4415 and 1.4300.
Resistance levels: 1.4750, 1.4850 and 1.4950.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
