EURUSD
The Euro consolidates gains above 1.2850 since Thursday, trading near important resistance at 1.2990 at the time of this writing. The daily momentum is bullish and a potential break above February's high at 1.3090 will be yet another confirmation on current uptrend. Hourly studies are also positive and support is emerging at 1.2850 backed by 1.2750 and 1.2610/15. Upside will remain favored while holding above 1.2850 but extended rallies will probably face strong resistance into the 1.3090-1.3140 region, if the Euro will get that far within the upcoming sessions. Current quote is 1.2939 @07:15 GMT
Support levels: 1.2850, 1.2800, 1.2750 and 1.2610/15.
Resistance levels: 1.2950, 1.2990/00 and 1.3090.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bullish
AUDUSD
Next upside objective is seen at .6650, now that .6550 has been cleared and forms the first intra-day support level. Below .6550, next support levels are formed at .6490/00 and .6450. Both daily and intra-day studies are bullish and the Aussie seem ready for a test of February's high on .6850 within the upcoming days. Current quote is .6579 @07:15 GMT
Support levels: .6550, .6490, .6450 and .6395/00.
Resistance levels: .6600, 6650 and .6730
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish
EURCHF
The EUR trades near recent high at 1.5400 against the Swiss Franc, keeping the upside under pressure. Both daily and intra-day studies are bullish and first important support levels are seen at 1.5290 and 1.5150/90. A potential break above 1.5380/00 resistance may encourage further gains towards longer term resistance formed by a downward trendline around 1.5970. Current quote is 1.5364 @07:15 GMT
Support levels: 1.5290, 1.5150/90 and 1.5000.
Resistance levels: 1.5380/00, 1.5500 and 1.5590.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bullish
