EURUSD

The euro is approaching the resistance zone of 1.4620-1.4720 formed by the 61.8% retracement of the 1.6035-1.2330 decline and the top side of the last trend reversal attempt reached on December 18th. While no extended pullback affects the current uptrend, the said bullish target should be reached within the next 2 weeks. Intra-day sentiment is positive and a potential retracement may target the 1.4190-1.4215 support region. Below the said support, selling may emerge favoring further downside action to 1.4100 - bottom formed by last 2 daily lows. Current quote is 1.4287 @06:15 GMT

Support levels: 1.4190/15, 1.4150, 1.4100, 1.4050 and 1.3980
Resistance levels: 1.4350, 1.4400 and 1.4450
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish

AUDUSD

Important upside barrier is only 140 points away from current market price - at .8380, 61.8% of .9850-.6005 decline. On the downside, support is emerging at .8180 backed by .8130 and .8050. Both daily and intra-day studies are bullish. Current quote is .8238 @06:15 GMT

Support levels: .8180, .8130 and .8050
Resistance levels: .8260, .8300 and .8350/80
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish

EURCHF

The euro managed to climb past 1.5160 - level which is the first support now. Daily sentiment is now slightly positive and next objective is 1.5225/30. A breach of the said level is needed to confirm the uptrend and maybe extend the current average daily range of 70-75 points. Current quote is 1.5195 @06:15 GMT

Support levels: 1.5160, 1.5100, 1.5050 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