EURUSD
Key resistance at 1.4185 - 50% of 1.6035-1.2330 - has been tested on Friday's rally. Current uptrend is strong and the euro managed to gain 750 points on the last 10 days - which is 75% of the total 1000 points gained on the entire month of May. A breach above 1.4185 seem highly possible on the coming days and that will confirm the long-tern momentum switching side - turning positive. On an intra-day basis, potential pullbacks may be limited by support seen at 1.4100 and lower - at 1.4050 and 1.3980. Resistance starts into the 1.4170-1.4185 zone, followed by 1.4250 and 1.4300. Current quote is 1.4121 @06:15 GMT
Support levels: 1.4100, 1.4050 and 1.3980
Resistance levels: 1.4170/85, 1.4250 and 1.4300
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar has found stable support on the .8000 handle and advanced higher to as high as .8063. The breach above .8000 confirms the long-term uptrend and next objective is seen at .8380 - 61.8% of .9850-.6005 and .8550/.8600 - rising trendline started on September 2001. Intra-day studies are bullish but a corrective move is underway. Extended pullbacks will face support at .8000 or lower - at.7945/50 and .7885. Current quote is .8037 @06:15 GMT
Support levels: .8000, .7945/50 and .7885
Resistance levels: .8050/65, .8100 and .8200
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Daily sentiment remains slightly as the euro failed to breach the resistance at 1.5160 on Friday's test. While trading below the said barrier, the ground will remain fragile and extended losses may target 1.5000. Current quote is 1.5100 @06:15 GMT
Support levels: 1.5070, 1.5050 and 1.5000/10
Resistance levels: 1.5150/60, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
Key resistance at 1.4185 - 50% of 1.6035-1.2330 - has been tested on Friday's rally. Current uptrend is strong and the euro managed to gain 750 points on the last 10 days - which is 75% of the total 1000 points gained on the entire month of May. A breach above 1.4185 seem highly possible on the coming days and that will confirm the long-tern momentum switching side - turning positive. On an intra-day basis, potential pullbacks may be limited by support seen at 1.4100 and lower - at 1.4050 and 1.3980. Resistance starts into the 1.4170-1.4185 zone, followed by 1.4250 and 1.4300. Current quote is 1.4121 @06:15 GMT
Support levels: 1.4100, 1.4050 and 1.3980
Resistance levels: 1.4170/85, 1.4250 and 1.4300
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar has found stable support on the .8000 handle and advanced higher to as high as .8063. The breach above .8000 confirms the long-term uptrend and next objective is seen at .8380 - 61.8% of .9850-.6005 and .8550/.8600 - rising trendline started on September 2001. Intra-day studies are bullish but a corrective move is underway. Extended pullbacks will face support at .8000 or lower - at.7945/50 and .7885. Current quote is .8037 @06:15 GMT
Support levels: .8000, .7945/50 and .7885
Resistance levels: .8050/65, .8100 and .8200
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Daily sentiment remains slightly as the euro failed to breach the resistance at 1.5160 on Friday's test. While trading below the said barrier, the ground will remain fragile and extended losses may target 1.5000. Current quote is 1.5100 @06:15 GMT
Support levels: 1.5070, 1.5050 and 1.5000/10
Resistance levels: 1.5150/60, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish
