EURUSD
The Euro has reached lows into the 1.3025 region on yesterday, suggesting that a breach of key support into the 1.3080-1.3100 zone is highly possible, but reversed and climbed to 1.3275. Although the daily studies remain bearish, the upside seem favored for now and a potential break above 1.3400 may trigger a reversal. Intra-day studies are bullish and will maintain the upside bias while trading above yesterday's open price therefore the first intra-day support is formed at 1.3200 backed by 1.3080/00 and 1.3025. Resistance emerges at 1.3275 followed by 1.3400/15 and 1.3500. Current quote is 1.3237 @07:35 GMT
Support levels: 1.3200, 1.3080/00 and 1.3025.
Resistance levels: 1.3275, 1.3400/15 and 1.3500.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
The Aussie Dollar found support on the fibonacci level at .6530/35 which is the 61.8% retracement of the .7073-.7267 upward swing. First resistance is seen at .6815 and it is followed by .6990/00 which may limit the upside on rallies. Intra-day studies are bullish at the time of this writing. Current quote is .6732 @07:35 GMT
Support levels: .6530, .6400 and .6340/50.
Resistance levels: .6755, .6815 and .7000.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bearish
EURCHF
The pair recovered and now trades above support at 1.4750. Price action suggests that the recovery may continue towards the 1.49 region where important resistance is formed. On the other side, below 1.4750 will resume downtrend and bring pressure back on the 1.4650 support. Current quote is 1.4807 @07:35 GMT
Support levels: 1.4750, 1.4650 and 1.4500.
Resistance levels: 1.4850, 1.4950 and 1.5040/50.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
