EURUSD
The euro managed to climb higher against the dollar on yesterday, extending gains to as high as 1.3437. Resistance at 1.3410/15 - 61.8% retracement of 1.3735-1.2885 has provided a solid selling point but current decline to as low as 1.3368 at the time of this writing is probably corrective only, therefore the uptrend is expected to resume on the next trading sessions. Intra-day support at 1.3335 then lower at 1.3300/10 may limit the downside. Below 1.3300, next downside barrier is seen at 1.3200/10. Intra-day studies are slightly bearish but will turn positive on a potential breach above 1.3400. Daily sentiment is bullish. Current quote is 1.3381 @06:05 GMT
Support levels: 1.3325/35, 1.3300, 1.3200/10 and 1.3175/90
Resistance levels: 1.3435/40, 1.3500 and 1.3550/80
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : bullish
AUDUSD
The Aussie dollar trades comfortably around the .7400 mark today and is approaching the longer term resistance at .7475/00 - 38.2% retracement of the large decline from .9845 to .6005. Both daily and intra-day studies are positive and further upside action is likely. On the downside, support is emerging at .7375 then .7260 and .7200/10. Current quote is .7404 @06:05 GMT
Support levels: .7375, .7260 and .7200/10
Resistance levels: .7425, .7475/00 and .7540
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
The euro seem to be preparing for yet another test on the 1.5125 resistance. A potential breach above the said level may also favor an amplification of current daily average range which narrowed to 60-70 points from around 100 points some weeks ago. Above 1.5125, gains may easily extend to 1.5230 which is a key barrier. Current quote is 1.5115 @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
The euro managed to climb higher against the dollar on yesterday, extending gains to as high as 1.3437. Resistance at 1.3410/15 - 61.8% retracement of 1.3735-1.2885 has provided a solid selling point but current decline to as low as 1.3368 at the time of this writing is probably corrective only, therefore the uptrend is expected to resume on the next trading sessions. Intra-day support at 1.3335 then lower at 1.3300/10 may limit the downside. Below 1.3300, next downside barrier is seen at 1.3200/10. Intra-day studies are slightly bearish but will turn positive on a potential breach above 1.3400. Daily sentiment is bullish. Current quote is 1.3381 @06:05 GMT
Support levels: 1.3325/35, 1.3300, 1.3200/10 and 1.3175/90
Resistance levels: 1.3435/40, 1.3500 and 1.3550/80
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : bullish
AUDUSD
The Aussie dollar trades comfortably around the .7400 mark today and is approaching the longer term resistance at .7475/00 - 38.2% retracement of the large decline from .9845 to .6005. Both daily and intra-day studies are positive and further upside action is likely. On the downside, support is emerging at .7375 then .7260 and .7200/10. Current quote is .7404 @06:05 GMT
Support levels: .7375, .7260 and .7200/10
Resistance levels: .7425, .7475/00 and .7540
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
The euro seem to be preparing for yet another test on the 1.5125 resistance. A potential breach above the said level may also favor an amplification of current daily average range which narrowed to 60-70 points from around 100 points some weeks ago. Above 1.5125, gains may easily extend to 1.5230 which is a key barrier. Current quote is 1.5115 @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
