EURUSD
The Euro shows a negative bias as it failed to hold above 1.2660/70 support on Friday. Support is emerging at 1.2515 backed by 1.2400/15 and 1.2330. Upside barriers are seen at 1.2680, 1.2800 and 1.2900. Daily momentum is bearish and a break above 1.2900 is needed to confirm a transition towards the upside. Intra-day studies are neutral at the time of this writing, but a climb towards the 1.2680/1.2700 seem possible, in order to fill the 80 points gap formed over the weekend. Current quote is 1.2598 @07:15 GMT
Support levels: 1.2515, 1.2400/15 and 1.2330.
Resistance levels: 1.2680/00, 1.2800 and 1.2900.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
AUDUSD
The Aussie Dollar currently recovers after reaching intra-day lows at .6295 but the downside is likely to stay under pressure. Daily momentum is bearish and potential rallies may be limited by resistance levels at .6390 which is being tested at the time of this writing, followed by .6450 and .6550. On the lower zone, support is seen at .6330 backed by .6280 and .6245. A potential break below .6245 may open .6070. Current quote is .6378 @07:16 GMT
Support levels: .6330, .6280 and .6245.
Resistance levels: .6390, .6450 and .6550.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish
EURCHF
Support on the 1.4800 handle couldn't hold and the break favors further losses towards the mid 1.46 region. Daily sentiment is bearish while the intra-day studies are neutral at the time of this writing. Resistance starts at 1.4800 followed by 1.4875 and the more important barrier at 1.4930. A break above 1.4930 is needed to resume uptrend. Current quote is 1.4772 @07:15 GMT
Support levels: 1.4750/60, 1.4700 and 1.4650.
Resistance levels: 1.4800, 1.4875 and 1.4930.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
