EURUSD
The Euro failed to maintain an upside bias on yesterday and declined to 1.2800, erasing the 260 points it managed to gain on Tuesday. Minor support is now seen at 1.2800 backed by a more important barrier at 1.2705 and 1.2550. On the upside, resistance emerges at 1.2920 followed by recent top at 1.3070 and a key resistance at 1.3330. A break above 1.3330 is needed to fully confirm an uptrend. The daily sentiment is slightly bearish while the hourly is neutral at the time of this writing. Current quote is 1.2865 @07:35 GMT
Support levels: 1.2800, 1.2705 and 1.2550.
Resistance levels: 1.2920, 1.3070, 1.3150 and 1.3330.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
AUDUSD
The Aussie Dollar managed to hold above support at .6360 on yesterday and recovered, now focusing towards recent top at .6535 which is the first important barrier. Above .6535, other resistance levels are seen at .6570, .6660 and .6730. The daily studies are neutral but a break above .6535 will turn momentum bullish. Intra-day studies are bullish at the time of this writing and will remain that way while support at .6415 holds. Current quote is .6487 @07:35 GMT
Support levels: .6415, .6350/60, .6300 and .6230.
Resistance levels: .6535, .6570, .6660 and .6730.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : neutral
EURCHF
The pair continues to consolidate into a narrow range below resistance of 1.4970 and above support at 1.4800/15. A potential break of the resistance at 1.4970 may extend gains towards 1.5170 which is a key barrier. On the other side, a breach of 1.4800/15 may open 1.4655 for a later test. Hourly studies are slightly bullish at the time of this writing. Current quote is 1.4906 @07:35 GMT
Support levels: 1.4800/15,1.4750 and 1.4655.
Resistance levels: 1.4970, 1.5030 and 1.5100.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
