EURUSD

The euro dropped below the 1.3200 mark and is currently approaching the key support at 1.3100 - formed by the 50% retracement of the 1.2455-1.3737 move. If it holds, a double top will be formed along with the correction of March 30, therefore a resume of the uptrend will be favored. Daily sentiment is bearish and the pair is likely to continue falling to at least 1.3100. Below the said support, next bearish objective is eyed at 1.2945/50 and 1.3000 is not expected to provide a solid support. On the upside, resistance starts at 1.3250 followed by 1.3330 and 1.3400. A resume of the uptrend will be signaled only by breaking above 1.3400, so there's enough room on the upside for limited rallies. Current quote is 1.3182 @06:13 GMT

Support levels: 1.3100, 1.3000 and 1.2945/50.
Resistance levels: 1.3250, 1.3330 and 1.3400.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : slightly bearish

AUDUSD

Yesterday's recovery has been limited by the intra-day resistance at .7150 and the Aussie pulled back below the .7100 mark, now testing bids at .7050. Next downside target is set at .7000 - 50% retracement of .6770-.7227. Downside is favored for now and a drop below the .7000 mark may occur within the upcoming sessions. While holding above .6950, a resume of the uptrend will be easy but below the said support, decline will probably extend another 200 points to .6750. Intra-day studies are bearish while the dailies are neutral. Current quote is .7052 @06:13 GMT

Support levels: .7000, .6945/50 and .6880.
Resistance levels: .7150, .7210/25 and .7070.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish

EURCHF

Current decline extended below support at 1.5150 to as low as 1.5113 earlier today. Next downside target is set at 1.5060 while on the upside, a break above 1.5290 is needed to resume uptrend. Both hourly and daily studies are bearish. Current quote is 1.5143 @06:13 GMT

Support levels: 1.5060, 1.5015 and 1.4915.
Resistance levels: 1.5200, 1.5290/00, 1.5350 and 1.5445/50.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish