EURUSD
Downside is back on focus although the Euro recovered on Friday after reaching a fresh multi-week low at 1.2765. Support is seen into the 1.2860 zone backed by Friday's low at 1.2765 then 1.2550/60 lower. On the upside, resistance emerges at 1.2960 and a break is needed to resume Friday's recovery. Other upside barriers are seen at 1.3020 and 1.3085/00. The daily studies are bearish but a potential break of 1.3085 will signal a reversal. Hourly sentiment is slightly bullish at the time of this writing. Current quote is 1.2918 @07:15 GMT
Support levels: 1.2860, 1.2765, 1.2700 and 1.2550/60.
Resistance levels: 1.2960, 1.3020, 1.3080/00 and 1.3190.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish
AUDUSD
Resistance into the .6570 has to be cleared out in order to start a recovery process. While trading below .6570, the downside is under pressure, the pair being supported by .6450 and .6400/15. Daily sentiment is bearish and the hourly studies are neutral at the time of this report. Current quote is .6515 @07:15 GMT
Support levels: .6450, .6400/15, .6330 and .6230.
Resistance levels: .6570, .6670, .6815 and .6990/00.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
Near term bullish structure is intact and momentum gathers strength. Resistance on the 1.5030 mark is on focus, being followed by more important barriers at 1.5100 and 1.5140/50. A sustained break of 1.5100 is needed to confirm the uptrend. On the other side, support starts at 1.4960 backed by 1.4850 and 1.4750. Hourly studies are bullish as well. Current quote is 1.5006 @07:15 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
