EURUSD
The Euro reached offers at 1.2990 after the NFP report on Friday. However, the recovery is not large enough to suggest a trend reversal as a break above 1.3330 is needed. Until 1.3330 will be eventually reached, interim resistance is formed at 1.3070. On the downside, support starts at 1.2850 backed by 1.2740 and 1.2700. Below 1.2700, a potential decline may extend to 1.2550 which is the next important support. Current quote is 1.2910 @07:30 GMT
Support levels: 1.2850, 1.2740, 1.2705, 1.2650 and 1.2550.
Resistance levels: 1.3000, 1.3070, 1.3150 and 1.3320/30.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
AUDUSD
The Aussie Dollar faces strong resistance at .6800 but a potential break will confirm the uptrend which is developing since last week. Current decline after the test of .6800 is corrective and the uptrend is expected to resume if support into the .6600 region remains intact. Support is seen at .6625 backed by .6580 and .6475. Current quote is .6670 @07:30 GMT
Support levels: .6625, .6580, .6475, .6415 and .6350/60.
Resistance levels: .6720, 6800 and .6840/50.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish
EURCHF
Resistance into the 1.5040/50 zone is under pressure and a potential break may open 1.5190 for a later test. The daily sentiment is bullish and will remain intact while support into the 1.4880 region holds. Minor resistance is also seen at 1.5100 while support starts at 1.4950 backed by 1.4880 and 1.4815. Current quote is 1.5013 @07:30 GMT
Support levels: 1.4950, 1.4880 and 1.4800/15.
Resistance levels: 1.5030/40, 1.5100 and 1.5170/90.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
