EURUSD
Yesterday's retreat from 1.4250 doesn't suggest much as the euro managed to close slightly higher but current price action seem to point downwards, intra-day sentiment being slightly bearish at the time of this writing. The euro holds its gains on a minor support formed by an upward trend-line started on yesterday at 1.4100 now seen at 1.4140/50. A breach below the said intra-day support may favor further downside action towards objectives at 1.4100, 1.4050 and even 1.3965/80. Since the recent gains were solid, a potential pullback to 1.4000 or a bit below won't affect the short-term positive sentiment. Current quote is 1.4140 @06:05 GMT
Support levels: 1.4150, 1.4100, 1.4050 and 1.3980
Resistance levels: 1.4200, 1.4250 and 1.4300
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar continued its assault on the North territory and reached a fresh multi-month high at .8150. Potential pullbacks are expected to be halted into the .7800-.7900 support zone. Until those barriers, other ones are formed at .8000 and .7950. Upside lacks important resistance levels until .8380 which is the 61.8% of the large .9850-.6005 decline. Current quote is .8077 @06:05 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
Yesterday's gains to as high as 1.5185 suggest a potential change on the daily average range which used to be around 60 points for some weeks. Daily sentiment remains slightly bearish despite yesterday's rise but a potential breach above 1.5160 will open 1.5225/30 - key resistance for a later test. Intra-day sentiment is slightly positive and support is seen at 1.5100 backed by 1.5050 and 1.5000/10. Current quote is 1.5145 @06:05 GMT
Support levels: 1.5100, 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
Yesterday's retreat from 1.4250 doesn't suggest much as the euro managed to close slightly higher but current price action seem to point downwards, intra-day sentiment being slightly bearish at the time of this writing. The euro holds its gains on a minor support formed by an upward trend-line started on yesterday at 1.4100 now seen at 1.4140/50. A breach below the said intra-day support may favor further downside action towards objectives at 1.4100, 1.4050 and even 1.3965/80. Since the recent gains were solid, a potential pullback to 1.4000 or a bit below won't affect the short-term positive sentiment. Current quote is 1.4140 @06:05 GMT
Support levels: 1.4150, 1.4100, 1.4050 and 1.3980
Resistance levels: 1.4200, 1.4250 and 1.4300
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar continued its assault on the North territory and reached a fresh multi-month high at .8150. Potential pullbacks are expected to be halted into the .7800-.7900 support zone. Until those barriers, other ones are formed at .8000 and .7950. Upside lacks important resistance levels until .8380 which is the 61.8% of the large .9850-.6005 decline. Current quote is .8077 @06:05 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
Yesterday's gains to as high as 1.5185 suggest a potential change on the daily average range which used to be around 60 points for some weeks. Daily sentiment remains slightly bearish despite yesterday's rise but a potential breach above 1.5160 will open 1.5225/30 - key resistance for a later test. Intra-day sentiment is slightly positive and support is seen at 1.5100 backed by 1.5050 and 1.5000/10. Current quote is 1.5145 @06:05 GMT
Support levels: 1.5100, 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
