EURUSD
Tuesday's gains were erased on yesterday's decline and the 1.4100 mark provides support now. Intra-day studies are negative and a breach above the 1.4225-1.4245 resistance zone is required to confirm a resume of the uptrend. While trading below the said upside barrier, downside pressure may favor a breach below intra-day floor at 1.4100. Below 1.4100, next support levels are emerging at 1.4035/50 and 1.3965/80. Daily momentum is bullish and will remain intact even if the euro will test bids near the 1.4000 handle - such move being part of the current corrective cycle. Current quote is 1.4182 @06:10 GMT
Support levels: 1.4100, 1.4035/50 and 1.3965/80
Resistance levels: 1.4225/45, 1.4300 and 1.4340/50
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
Support on the former resistance at .7930 - 50% retracement of .9850-.6005 has been tested on yesterday's pullback. Short-term momentum remains positive despite the 330 points pullback. Below .7930, next downside objectives are seen at .7850 and .7760. Minor upside barriers are noticed at .8095/00 and .8135/50. A breach above .8100 is needed in order to confirm that the retracement has ended. Current quote is .8014 @06:10 GMT
Support levels: .7930, .7850 and .7750/60
Resistance levels: .8095/00, .8135/50 and .8260
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
The failed attempt on holding above 1.5160 suggests that the euro lacks the strength needed to overcome the higher barrier at 1.5225/30. Downside is under renewed pressure at the time of this writing - support being seen at 1.5100 then lower - at 1.5050 and 1.5000/10. Intra-day momentum is negative while the daily studies are neutral. Current quote is 1.5127 @06:10 GMT
Support levels: 1.5100, 1.5050 and 1.5000/10
Resistance levels: 1.5160, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
