Resistance zone of 1.3340-1.3390 is on focus today and the euro may extend gains towards the 1.3500 mark on the coming sessions, if a breach above 1.3390 will occur. Daily momentum is bullish, intra-day studies being positive as well. Upside should remain favored while support at 1.3230 and 1.3175 are intact. Current quote is 1.3309 @06:05 GMT
Support levels: 1.3300, 1.3230, 1.3175/90 and 1.3090/00
Resistance levels: 1.3335/40, 1.3380/90, 1.3410 and 1.3550/85
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : bullish
AUDUSD
The Aussie dollar trades higher today, above the previous top formed at .7325. Upside is likely to remain under pressure as long as .7240 is intact. Below .7240, a corrective move may extend towards .7100. Both daily and intra-day studies are bullish and next upside objectives are seen at .7390 then .7485. Current quote is .7354 @06:05 GMT
Support levels: .7300, .7240 and .7185
Resistance levels: .7390/00, .7485 and .7540
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish
EURCHF
The pair continues to trade into a narrow range, averaging 70 points / day. Minor resistance is formed at 1.5125 and a break is needed in order to provide the first clue that uptrend resumes. Stronger barrier is formed at 1.5230 - 50% of 1.5445-1.5015. Upside is slightly favored for now. Current quote is 1.5106 @06:05 GMT
Support levels: 1.5050, 1.5000/10, 1.4910/30 and 1.4800.
Resistance levels: 1.5125, 1.5170, 1.5200 and 1.5230.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish







