Support on the 1.4100 is stable and couldn't be breached on yesterday's attempt when bids at 1.4070 have been tested. The euro holds steady ahead of the NFP data release in the U.S. later today. Minor intra-day resistance is formed into the 1.4235/50 region and a break above should open the top-side at 1.4340/50 for a later test. Upside remains favored for now as both daily and intra-day studies are positive and while support levels at 1.4100 and lower, on the 1.4000 handle are intact. Current quote is 1.4200 @06:10 GMT
Support levels: 1.4150, 1.4100, 1.4035/50 and 1.3980/00
Resistance levels: 1.4235/50, 1.4300 and 1.4340/50
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
The Aussie dollar is climbing higher against the buck, aiming towards first intra-day resistance - at .8090/00. A breach of the said level will resume the uptrend, clearing most of Wednesday's losses. On the downside, support is emerging at .8000 backed by .7930 and .7850. Both short-term and hourly studies are bullish. Current quote is .8045 @06:10 GMT
Support levels: .8000, .7930, .7850 and .7750/60
Resistance levels: .8090/00, .8135/50 and .8260
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Sideways moving continues as the pair lacks direction and necessary strength to increase the average daily range which is stable around 65 points since a few weeks ago. Upside seem slightly favored for now but it could be yet another weak attempt on testing 1.5225/30 - median retracement of the larger pullback from 1.5445 to 1.5005. Current quote is 1.5165 @06:10 GMT
Support levels: 1.5100, 1.5050 and 1.5000/10
Resistance levels: 1.5160/70, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral







