EURUSD
The downside is under renewed pressure as the Euro failed to climb past recent resistance region of 1.3080-1.3100. Important support formed by a rising trendline is seen into the 1.2850 zone and a potential break will probably accelerate a decline towards the 1.2550/60 zone. On the upside, key intra-day resistance is seen at 1.3080 followed by 1.3190 and 1.3250. Momentum is negative on both hourly and daily studies. Current quote is 1.2927 @07:30 GMT
Support levels: 1.2900, 1.2830/50, 1.2700 and 1.2550/60.
Resistance levels: 1.3020, 1.3080/00, 1.3190 and 1.3250.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Near term support on the .6450 handle is back on focus. Lower barriers are emerging at .6340 and .6230 while on the upside, resistance is seen at .6550 followed by .6670 and .6815. Both intra-day and short-term studies are bearish. While trading below .6670, negative sentiment favors downside action and a breach below .6450 should extend losses to .6340. Current quote is .6495 @07:30 GMT
Support levels: .6450, .6400, .6330 and .6230.
Resistance levels: .6550, .6670, .6815 and .6990/00.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
Strong resistance on the 1.5100 mark has been tested on yesterday before pulling back towards the mid 1.49 zone. Daily sentiment is bullish due to recent recovery but support at 1.4930 or lower at 1.4850, has to remain intact in order to maintain the bullish structure valid. Hourly studies are bearish at the time of this writing. Current quote is 1.4950 @07:30 GMT
Support levels: 1.4930, 1.4850 and 1.4750.
Resistance levels: 1.5050, 1.5100 and 1.5150.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
