EURUSD
The Euro advanced past key upside barrier into the 1.3080 zone on yesterday, the 380 points rally suggesting that a trend reversal is in progress. The daily momentum is bullish and will remain this way while support at 1.3080 holds. Near term resistance is formed at 1.3280 by the 50% retracement of the 1.3799-1.2765 move, followed by 1.3380 which is the top reached on the previous week. Another key resistance is seen at 1.3565, the median level of the 1.4363-1.2765 decline. The upside is likely to remain under pressure as short term momentum gathers strength while holding above 1.3050/80. Current quote is 1.3238 @07:25 GMT
Support levels: 1.3050/80, 1.3000, 1.2960 and 1.2860.
Resistance levels: 1.3280, 1.3380 and 1.3565.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : slightly bullish
AUDUSD
Resistance is on focus at .6670 followed by .6815 and .6990/00. Hourly sentiment is bullish at the time of this writing and the daily momentum is also becoming positive but a sustained break of .6815 is needed to confirm the uptrend. Support emerges at .6600 backed by .6530 and .6450. Current quote is .6667 @07:25 GMT
Support levels: .6600, .6530 and .6450.
Resistance levels: .6670, .6815 and .6990.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
Strong resistance is formed at 1.5100 followed by 1.5150. The daily studies are bullish and a sustained break of the said barriers will confirm the uptrend and open 1.5270 for a later test. Key resistance is formed by 1.5270 by the 50% retracement of the 1.5880-1.4655 decline. On the other side, support emerges at 1.4930/50 backed by 1.4850 and 1.4750. Current quote is 1.5049 @07:25 GMT
Support levels: 1.4930/50, 1.4850 and 1.4750.
Resistance levels: 1.5100, 1.5150 and 1.5270.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bullish
