EURUSD
Resistance at 1.3330 could not be breached on yesterday and the euro is back below the 1.3200 mark, currently testing bids around yesterday's opening price. Daily sentiment remains slightly bearish as the euro failed to establish support above the 1.3300 level. While 1.3400/15 is intact, downside is likely to remain under pressure especially if support into the 1.3100 region will break, as more selling power will emerge below the said support, favoring losses towards the 1.3 psychological barrier. Intra-day studies are bearish but will change if first resistance, at 1.3250, will be cleared out. Current quote is 1.3191 @06:15 GMT
Support levels: 1.3095/00, 1.3000 and 1.2945/50.
Resistance levels: 1.3250, 1.3330/50 and 1.3400/15.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : slightly bearish
AUDUSD
The Aussie dollar stepped back from the .6950 region, currently pulling back to .6870 - 50% retracement of the 200 points upward move from .6770 to .6970. Daily momentum is slightly bearish despite yesterday's rally to .6970, but a close above .6950 is needed to confirm that uptrend resumed. Intra-day momentum is bearish but a potential break above .6920 should turn it positive. Current quote is .6883 @06:15 GMT
Support levels: .6870, .6845, .6770, .6700 and .6600/05.
Resistance levels: .6950/70, .7000. and .7100.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : slightly bearish
EURCHF
Support into the 1.5150 couldn't hold anymore and the euro declined to as low as 1.5058 against the Swiss franc. Next important support is seen at 1.5000/10 - 50% retracement of the 1.4575-1.5445 move. Both daily and intra-day studies are bearish and more downside action is likely. Current quote is 1.5072 @06:15 GMT
Support levels: 1.5000/10, 1.4910 and 1.4850.
Resistance levels: 1.5150, 1.5200, 1.5290/00 and 1.5350.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
