EURUSD
Intra-day support into the 1.2630 region is being tested at the time of this writing, as the Euro pulled back from 1.2730/50. Below 1.2615/30 support zone, weakness may intensify favoring a decline towards a rising intra-day support trendline around 1.2515. Daily studies are slightly bearish and a sustained break above the 1.2800 mark is needed to suspend current bearish view, and even then, it may be difficult to climb too high as there are important barriers at 1.2990 and 1.3090. Hourly sentiment is bearish at the time of this report. Current quote is 1.2625 @07:20 GMT
Support levels: 1.2630, 1.2585, 1.2515 and 1.2480.
Resistance levels: 1.2730/50, 1.2830, 1.2880/00 and 1.2990/00.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
AUDUSD
Support into the .6360 zone is under pressure as the Aussie Dollar trades by only 30 points above it at the time of this writing. Intra-day studies are bearish while holding below .6450 and the daily sentiment is neutral while trading into the .6330-.6550 range. Below .6360, the Aussie Dollar may extend losses towards next support into the .6280 region. Current quote is .6389 @07:20 GMT
Support levels: .6330/60, .6280/90 and .6250.
Resistance levels: .6450, .6550, .6650 and .6730
Market sentiment: long-term : bearish, mid-term : bearish , short-term : neutral
EURCHF
Minor resistance at 1.4700 holds and the EUR maintains a weak tone against the Swiss Franc. Both daily and intra-day studies are bearish and move selling is likely as there are no signs of recovery yet. A break above 1.4750 should encourage a recovery towards recent highs into the 1.4875-1.4930 zone but it doesn't seem the most reasonable scenario. Current quote is 1.4662 @07:20 GMT
Support levels: 1.4650, 1.4600, 1.4550 and 1.4500.
Resistance levels: 1.4700, 1.4830 and 1.4930.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
