EURUSD
After experiencing an expected corrective move to as low as 1.3860 on yesterday, the euro has recovered - pushing back on the 1.4000 mark. The dollar sell-off is likely to continue but a breach above 1.4000 is needed to resume uptrend. While trading below the mentioned key level, extended pullbacks are likely but such moves are also considered fresh buying opportunities, as seen on yesterday. Daily sentiment is bullish while the intra-day studies are slightly bearish - suggesting that the correction is not over. Support starts at 1.3860 backed by 1.3800, 1.3730/50 and 1.3650/60. Current quote is 1.3943 @06:15 GMT
Support levels: 1.3860, 1.3800, 1.3730/50 and 1.3650/60
Resistance levels: 1.4000, 1.4050, 1.4100, 1.4185 and 1.4240
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar holds steady into the .7850 region, not far below the key resistance zone formed into the .7930-.8000 range. As mentioned a few days ago, a breach above the .7930-.8000 zone will help the long term momentum turn positive. On an intra-day basis, there are some downside barriers which will probably limit a potential pullback - those are seen at .7830/40 then lower, at .7770/85 and .7700. Current quote is .7852 @06:15 GMT
Support levels: .7830/40, .7770/85, .7700 and .7630
Resistance levels: .7900, .7930 and .8000
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Daily sentiment remains positive despite yesterday's extended pullback to 1.5125 - median retracement zone of the 1.5005-1.5235 upward swing. The average daily range is still very low - around 65 points / day. Not much is expected while the range is that tight. Current quote is 1.5163 @06:15 GMT
Support levels: 1.5120, 1.5090 and 1.5000/10
Resistance levels: 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
After experiencing an expected corrective move to as low as 1.3860 on yesterday, the euro has recovered - pushing back on the 1.4000 mark. The dollar sell-off is likely to continue but a breach above 1.4000 is needed to resume uptrend. While trading below the mentioned key level, extended pullbacks are likely but such moves are also considered fresh buying opportunities, as seen on yesterday. Daily sentiment is bullish while the intra-day studies are slightly bearish - suggesting that the correction is not over. Support starts at 1.3860 backed by 1.3800, 1.3730/50 and 1.3650/60. Current quote is 1.3943 @06:15 GMT
Support levels: 1.3860, 1.3800, 1.3730/50 and 1.3650/60
Resistance levels: 1.4000, 1.4050, 1.4100, 1.4185 and 1.4240
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar holds steady into the .7850 region, not far below the key resistance zone formed into the .7930-.8000 range. As mentioned a few days ago, a breach above the .7930-.8000 zone will help the long term momentum turn positive. On an intra-day basis, there are some downside barriers which will probably limit a potential pullback - those are seen at .7830/40 then lower, at .7770/85 and .7700. Current quote is .7852 @06:15 GMT
Support levels: .7830/40, .7770/85, .7700 and .7630
Resistance levels: .7900, .7930 and .8000
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Daily sentiment remains positive despite yesterday's extended pullback to 1.5125 - median retracement zone of the 1.5005-1.5235 upward swing. The average daily range is still very low - around 65 points / day. Not much is expected while the range is that tight. Current quote is 1.5163 @06:15 GMT
Support levels: 1.5120, 1.5090 and 1.5000/10
Resistance levels: 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish
