EURUSD
Daily momentum remains bearish as the Euro is too weak to focus on the upside barriers at 1.2950 and 1.3000/15. A sustained break of 1.3015 is needed to confirm the end of the decline into the 1.27 region and rebuild a bullish structure. Intra-day support is seen at 1.2800 backed by 1.2710 and 1.2650. Hourly sentiment is slightly bullish at the time of this writing. Current quote is 1.2841 @07:40 GMT
Support levels: 1.2800, 1.2710, 1.2650 and 1.2600.
Resistance levels: 1.2900, 1.2950/60, 1.3000/15 and 1.3080.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
AUDUSD
Resistance at .6415 has limited recent gains and a break of the said barrier is needed to cancel the near-term bearish view and focus on the upside targets at .6700 and .6840. Daily momentum remains bearish for now and the decline may resume, renewing pressure into the .6200 zone. Hourly sentiment is bullish at the time of this writing. Current quote is .6365 @07:40 GMT
Support levels: .6350, .6285/00, .6230, .6150 and .6090.
Resistance levels: 6415, .6500 and .6560.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
The pair is slowly rebuilding momentum but above 1.4970 is needed to cofirm that the decline to 1.4815 was corrective. Upside may remain on focus for now. Support is seen at 1.4900 backed by 1.4860 and 1.4815. Interim resistance is formed at 1.4930/35 followed by 1.4970 and 1.5030. Current quote is 1.4925 @07:40 GMT
Support levels: 1.4900, 1.4860, 1.4800/15 and 1.4750.
Resistance levels: 1.4930, 1.4970, 1.5030 and 1.5100.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
