EURUSD
The euro recovered some lost ground on yesterday and managed to close into the 1.3250 zone. Hourly sentiment is bullish and the recovery may continue towards important upside barriers emerging at 1.3330 then 1.3365 and 1.3400/15. A break above 1.3400/15 is needed to confirm that uptrend resumed and focus higher towards objectives at 1.3600 and 1.3735/50. Daily momentum remains bearish while the 1.3400 mark limits the upside. Looking south, support is formed at 1.3145/50 by a rising trendline extended through March 30's low at 1.3112 - few pips above the median retracement of the large 1.2455-1.3735 move. Below 1.3145/50, important support is seen at 1.3100 and 1.2945/50. Current quote is 1.3276 @06:13 GMT
Support levels: 1.3200, 1.3145/50, 1.3100, 1.3000 and 1.2945/50.
Resistance levels: 1.3330, 1.3365 and 1.3400/15.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : slightly bearish
AUDUSD
The Aussie is facing minor intra-day resistance at .7120 at the time of this writing. A break above the said level would give way to .7225/30 and maybe the key barrier at .7260. Intra-day studies are bullish, short-term momentum being positive as well. Current quote is .7123 @06:13 GMT
Support levels: .7100, .7050, .6945/50 and .6880.
Resistance levels: .7120/25, .7225/30 and .7260.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish
EURCHF
The euro is recovering but still trades below 1.5290/00. Short-term momentum strengthened and a potential break above 1.5290/00 would renew upside pressure and favor further gains towards the 1.5445 - last month's top. Current quote is 1.5250 @06:13 GMT
Support levels: 1.5200, 1.5150, 1.5060 and 1.5015.
Resistance levels: 1.5290/00, 1.5350 and 1.5445/50.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
