EURUSD

The euro is pushing higher this morning, trading around the 1.3300 mark. Above 1.3300, first resistance is seen at 1.3330/50 then a more notable barrier at 1.3400/15 - former support that may limit the upside for now on extended gains. Daily momentum is slightly bearish and a break above 1.3400 is needed to confirm that uptrend resumed. Today's ECB Interest Rate Decision and Trichet's remarks are expected to favor downside action, towards 1.3100 key support, as the ECB is expected to cut the rate by 50 bps to 1.00% - lowest since the euro was formed. Intra-day studies are bullish at the time of this report but the euro will most likely trade in a narrow range ahead of today events. Current quote is 1.3298 @06:15 GMT

Support levels: 1.3170, 1.3095/00, 1.3000 and 1.2945/50.
Resistance levels: 1.3300, 1.3330/50 and 1.3400/15.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : slightly bearish

AUDUSD

The Aussie dollar managed to finally break past resistance at .6950 on yesterday, after testing it for 8 hours. It currently holds steady near the .7050 region and a test of the first resistance at .7095/00 - last month's top - is likely. Above the said level, gains should extend to .7270 which is a more important upside barrier. The break above .6950 on yesterday confirms the uptrend on a short-term basis. Intra-day studies are also bullish and potential pullbacks will face support at .6950/70 and .6870. Current quote is .7034 @06:15 GMT

Support levels: .6950/70, .6870, .6845 and .6770.
Resistance levels: .7050, .7100 and .7270. 
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish

EURCHF

The euro recovered against the Swiss franc on yesterday and it is back above support at 1.5150. Short-term momentum is still bearish and a break above 1.5290 is needed to cancel the negative sentiment and suggest that uptrend started around the 1.48 mark resumed. Intra-day studies are bullish at the time of this writing. Support backs 1.5150 at 1.5000/10 and 1.4910. Current quote is 1.5190 @06:15 GMT

Support levels: 1.5150, 1.5000/10, 1.4910 and 1.4850.
Resistance levels: 1.5200/05, 1.5290/00 and 1.5350.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish