EURUSD
The Euro trades below the 1.3 mark as the overnight recovery to 1.3020 has been short-lived. Momentum is steadily bearish on both hourly and daily charts. Important support formed by a rising trendline is seen into the 1.2830/50 region and a potential break will strengthen the greenback even more, focusing on the 1.2560 support zone for a test within the upcoming days. On the upside, resistance emerges into the 1.3000-1.3020 region followed by 1.3100 and 1.3190. While there are no reliable signs of a recovery, potential rallies are expected to be limited into the 1.3020-1.3100 resistance zone. Current quote is 1.2909 @07:40 GMT
Support levels: 1.2830/50, 1.2700 and 1.2550/60.
Resistance levels: 1.3020, 1.3100, 1.3190 and 1.3250.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Current break below .6530, the 61.8% retracement of the .6073-.7267 move, suggests that more downside action is likely, towards next important barrier at .6300. The daily studies are bearish and a recovery past the .6800 mark is needed to signal a trend reversal. Resistance emerges at .6530 followed by .6600 and .6700. Current quote is .6521 @07:40 GMT
Support levels: .6450, .6400 and .6300.
Resistance levels: .6530/50, .6600 and .6700.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
Support into the 1.4750 region is under pressure while trading only 60 pips away from it. Short term studies are slightly bearish but a potential break of 1.4950 may suggest a reversal. Below 1.4750, important support is also seen at 1.4650. Current quote is 1.4815 @07:40 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
