EURUSD
The Euro trades near session lows into the 1.2940 region, after yesterday's decline of 320 points. Downside is back on focus after the failed attempt on establishing support into the 1.3250-1.3300 zone. Both daily and intra-day studies are bearish, suggesting that extended losses towards the 1.2830 region are likely. Minor support is seen at 1.2900 backed by a rising trendline around 1.2830. Resistance will be faced on potential pullbacks at 1.3100, 1.3190 and 1.3250. Current quote is 1.2985 @07:30 GMT
Support levels: 1.2940/50, 1.2900, 1.2830 and 1.2700.
Resistance levels: 1.3100, 1.3190 and 1.3250.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Key support emerges on the 61.8% retracement of the .6073-.7267 move at .6530. A test of the said support is possible and a potential break may open .6340, the next important support. On the upside, resistance starts at .6670 followed by .6815 and .6900. Intra-day charts are also bearish at the time of this writing. Current quote is .6614 @07:30 GMT
Support levels: .6530, .6400 and .6340.
Resistance levels: .6670, .6815 and .6900.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bearish
EURCHF
Support into the 1.4750 region is back on focus as the pair pulled back on yesterday. While trading near recent lows at 1.4650, downside is under heavy pressure and a potential recovery will be signaled only by breaking the first important resistance at 1.5040, which is a bit too far. Interim resistance is formed at 1.4950 and may provide a solid barrier on potential rallies. Current quote is 1.4790 @07:30 GMT
Support levels: 1.4750, 1.4650 and 1.4500.
Resistance levels: 1.4850, 1.4950 and 1.5040.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
