EURUSD
Downside pressure is high although the euro is trying to recover yesterday's losses, testing offers near the 1.3900 mark at the time of this writing. Upside barriers may limit gains at 1.3950 then higher, at 1.4070 - median retracement of the 1.4340-1.3805 move. A breach above 1.4070 will confirm uptrend's resumption. While below the 1.4000 mark, especially 1.4070 barrier, current corrective cycle is not over and losses may easily extend below yesterday's bottom at 1.3805 - aiming toward the more notable bearish objective into the 1.3740-1.3775 region - formed by the topside of March which should provide support now and the 61.8% retracement of the 1.3425-1.4340 up leg. Current quote is 1.3881 @06:10 GMT
Support levels: 1.3850, 1.3800, 1.3740/75 and 1.3700
Resistance levels: 1.3950, 1.4035 and 1.4070
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
There are no signs of a recovery yet and the Aussie dollar is slightly heavy, trading on a fragile ground formed into the .7850 zone. Below that, an extended decline may aim towards .7760 - 61.8% of the .7450-8260 move. On the upside, resistance emerges at .7950, .8000 and .8050/60. A potential breach above .8050/60 will signal the resume of the uptrend. Intra-day sentiment is negative at the time of this writing. Current quote is .7880 @06:10 GMT
Support levels: .7850/55, .7750/60 and .7710
Resistance levels: .7950, .8000, .8050/60 and .8135/50
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Sideways action continues above the 1.5150 support and below the 1.5225/30 resistance and the daily range remains very tight - only 55 points on yesterday. Both daily and intra-day studies are neutral. Current quote is 1.5172 @06:10 GMT
Support levels: 1.5145/50, 1.5100/10, 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 : neutral
Downside pressure is high although the euro is trying to recover yesterday's losses, testing offers near the 1.3900 mark at the time of this writing. Upside barriers may limit gains at 1.3950 then higher, at 1.4070 - median retracement of the 1.4340-1.3805 move. A breach above 1.4070 will confirm uptrend's resumption. While below the 1.4000 mark, especially 1.4070 barrier, current corrective cycle is not over and losses may easily extend below yesterday's bottom at 1.3805 - aiming toward the more notable bearish objective into the 1.3740-1.3775 region - formed by the topside of March which should provide support now and the 61.8% retracement of the 1.3425-1.4340 up leg. Current quote is 1.3881 @06:10 GMT
Support levels: 1.3850, 1.3800, 1.3740/75 and 1.3700
Resistance levels: 1.3950, 1.4035 and 1.4070
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
There are no signs of a recovery yet and the Aussie dollar is slightly heavy, trading on a fragile ground formed into the .7850 zone. Below that, an extended decline may aim towards .7760 - 61.8% of the .7450-8260 move. On the upside, resistance emerges at .7950, .8000 and .8050/60. A potential breach above .8050/60 will signal the resume of the uptrend. Intra-day sentiment is negative at the time of this writing. Current quote is .7880 @06:10 GMT
Support levels: .7850/55, .7750/60 and .7710
Resistance levels: .7950, .8000, .8050/60 and .8135/50
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Sideways action continues above the 1.5150 support and below the 1.5225/30 resistance and the daily range remains very tight - only 55 points on yesterday. Both daily and intra-day studies are neutral. Current quote is 1.5172 @06:10 GMT
Support levels: 1.5145/50, 1.5100/10, 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 : neutral
