EURUSD
Support region of 1.2550 has been tested and remained intact for now but downside pressure is high while trading below 1.2700. Next upside barriers are seen at 1.2800 and 1.2890/00. Daily momentum is bearish and the intra-day sentiment is slightly bullish at the time of this writing. Potential rallies will probably be corrective therefore limited by the resistance barriers formed into the 1.27-1.28 zone. A potential break below 1.2540/50 could open 1.2330 for a later test. Current quote is 1.2620 @07:25 GMT
Support levels: 1.2540/50, 1.2400 and 1.2330.
Resistance levels: 1.2700, 1.2800 and 1.2890.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
AUDUSD
Interim resistance at .6415 is being tested at the time of this writing and a potential break may favor further gains towards next bullish objective emerging at .6475. The daily studies are bearish and the downside is likely to remain under pressure as a break above .6580 is needed to confirm a recovery. Important support zone is formed between .6250 and .6300. Intra-day studies are positive. Current quote is .6412 @07:25 GMT
Support levels: .6350/60, .6300 and .6250.
Resistance levels: .6475, .6580 and .6660.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
The decline continues and support at 1.4750 has been breached, strengthening the bearish structure. Resistance is now seen at 1.4750 followed by 1.4815 and 1.4900. Key support emerges at 1.4650. Current quote is 1.4722 @07:25 GMT
Support levels: 1.4700, 1.4650 and 1.4500.
Resistance levels: 1.4750, 1.4800/15 and 1.4900.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
