EURUSD

The euro recovered most its Monday losses against the dollar and the upside is under pressure ahead of the Fed Interest Rate Decision later today. Two short-term barriers are seen a bit higher: at 1.3235 - median retracement of the 1.3580-1.2885 downward move and 1.3300/15 - last week's top and also the 61.8% retracement of the downward move mentioned earlier. On a sustained break above the said levels, the bullish structure should become stable, confirming that uptrend started from 1.2885 resumed. Daily momentum is slightly bullish but lacks a confirmation; intra-day sentiment being also bullish at the time of this writing. On potential pullbacks, the euro will face intra-day support at 1.3090/00 then 1.3050 and 1.2965. Current quote is 1.3193 @06:18 GMT

Support levels: 1.3150, 1.3090/00, 1.3050 and 1.2965
Resistance levels: 1.3215/35, 1.3300/15 and 1.3390/00
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : slightly bullish

AUDUSD

As the aussie breached above .7100, next bullish objective is seen at .7230, such move being favored on a short-term basis. Above .7230, important resistance is formed by the recent top at .7325. Intra-day sentiment is bullish but the daily remains slightly negative, a break above .7200 being required in order to confirm that uptrend resumed. Current quote is .7144 @06:18 GMT

Support levels: .7100, .7065 and .7000
Resistance levels: .7200, .7230 and .7325
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : slightly bearish

EURCHF

Holding into a narrow range below interim resistance of 1.5080 and above key medium term support of 1.5000/10, the euro lacks direction for now and the sentiment remains mixed. A break above 1.5150 or even 1.5300 is needed to resume the positive view on the market condition. Intra-day charts are bullish at the time of this writing and the uptrend is likely to continue. Current quote is 1.5065 @06:18 GMT

Support levels: 1.5000/10, 1.4910/30 and 1.4800.
Resistance levels: 1.5080, 1.5135, 1.5170, 1.5200 and 1.5235.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish