EURUSD
Key support on the 1.3100 mark has been reached on yesterday's decline as the euro failed to climb past resistance of 1.3330. A quiet day is expected due to the long Easter weekend. The euro should remain heavy while holding below 1.3330/35 and a break above 1.3400 is needed to resume uptrend. Else, the decline may extend below 1.3100 towards next downside objective at 1.2945 - 61.8% of 1.2455-1.3735. Current quote is 1.3146 @06:00 GMT
Support levels: 1.3090/00, 1.3000 and 1.2945/50.
Resistance levels: 1.3250, 1.3330 and 1.3400/15.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : bearish
AUDUSD
The Aussie rallied on yesterday, breaking the interim resistance at .7120. Resistance around .7225 formed by recent top is under pressure and a break should extend gains to .7270 where a key barrier is seen. A break of .7270 could favor further gains to .7660 - the bottom of 2007. Current quote is .7200 @06:00 GMT
Support levels: .7120, .7050, .6945/50 and .6880.
Resistance levels: .7225/30 and .7260/70.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish
EURCHF
The euro is suported by the 1.5200 level and maintains a bid tone but a break above 1.5290 resistance is needed to confirm that uptrend resumed. Above 1.5290, next barrier emerges at 1.5445 - recent top. Current quote is 1.5226 @06:00 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
Happy Easter to all of you celebrating this weekend!
