EURUSD
The Euro is back above support into the 1.2850 region as the support into the lower half of the 1.27 zone has been tested on yesterday. Short term studies remain neutral and a break above 1.3070 is needed to confirm the development of a bullish structure. While trading into the 1.2700-1.3070 range, the daily sentiment will remain neutral and risk will be the same on both sides. Interim resistance is also formed at 1.3000. Hourly studies are slightly bullish at the time of this writing. Current quote is 1.2898 @07:20 GMT
Support levels: 1.2850, 1.2705, 1.2650 and 1.2550.
Resistance levels: 1.3000, 1.3070/90, 1.3150 and 1.3320/30.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
AUDUSD
Near term resistance into the .6600 region is under pressure and a potential break will confirm that the decline into the .6430/75 region was corrective. Hourly studies are slightly bullish at the time of this writing and above .6600 may open .6720 for a later test. On the lower side, support is emerging at .6475 backed by .6415 and .6350/60. Current quote is .6570 @07:20 GMT
Support levels: .6475, .6415 and .6350/60.
Resistance levels: .6600, .6650/60, 6800 and .6840/50.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish
EURCHF
A rising trendline support has limited the downside on yesterday's decline to 1.4870 but the pair has to get past first upside barrier at 1.5025/50 in order to suggest that uptrend may resume. Important resistance follows 1.5025/50 at 1.5150 and 1.5270. Support emerges at 1.4860/70. Hourly studies are slightly bullish at the time of this writing. Current quote is 1.4970 @07:20 GMT
Support levels: 1.4860/70, 1.4800/15 and 1.4745.
Resistance levels: 1.5025/50, 1.5150 and 1.5270.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
