EURUSD
The euro trades lower on the beginning of this week, advancing lower towards the 1.3880 support - formed by the median retracement level of the 1.3425-1.4340 up leg. The mentioned level is not expected to provide a solid barrier as it has been easily pierced one week ago, when the euro declined to as low as 1.3805 before switching direction, therefore an extended decline below 1.3880 will probably aim the 61.8% retracement of the mentioned up leg - at 1.3775. Intra-day momentum is negative and a breach above the 1.4000 mark is required to signal a reversal. Daily sentiment is slightly bearish but current cycle is probably corrective. Downside seem favored for now. Current quote is 1.3905 @06:10 GMT
Support levels: 1.3880, 1.3800/05, 1.3775 and 1.3735/40
Resistance levels: 1.4000, 1.4050 and 1.4120
Market sentiment: long-term : bearish, mid-term : bullish, short-term : slightly bearish
AUDUSD
The pullback continues as the Aussie dollar couldn't hold gains above the .8100 mark. Next bearish objective is seen into the .7930-.7960 region formed by a rising trend-line and also by the 50% retracement of the .9850-.6005 large decline - former resistance which could provide support now. On the upside, minor resistance is seen at .8100 then .8150, higher. A breach above .8100 is needed to signal that uptrend resumed. Intra-day sentiment is negative. Current quote is .8022 @06:10 GMT
Support levels: .8000, .7950/60 and .7930
Resistance levels: .8100, .8150 and .8200
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Support on the 1.5100 mark is intact but the pair still lacks volatility - trading into a 45 range on Friday. Intra-day resistance starts at 1.5140/50 followed by 1.5175 and the key barrier at 1.5225/30. On the downside, support backs 1.5100 at 1.5050 and 1.5000/10. Current quote is 1.5108 @06:10 GMT
Support levels: 1.5090/00, 1.5050 and 1.5000/10
Resistance levels: 1.5150, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
The euro trades lower on the beginning of this week, advancing lower towards the 1.3880 support - formed by the median retracement level of the 1.3425-1.4340 up leg. The mentioned level is not expected to provide a solid barrier as it has been easily pierced one week ago, when the euro declined to as low as 1.3805 before switching direction, therefore an extended decline below 1.3880 will probably aim the 61.8% retracement of the mentioned up leg - at 1.3775. Intra-day momentum is negative and a breach above the 1.4000 mark is required to signal a reversal. Daily sentiment is slightly bearish but current cycle is probably corrective. Downside seem favored for now. Current quote is 1.3905 @06:10 GMT
Support levels: 1.3880, 1.3800/05, 1.3775 and 1.3735/40
Resistance levels: 1.4000, 1.4050 and 1.4120
Market sentiment: long-term : bearish, mid-term : bullish, short-term : slightly bearish
AUDUSD
The pullback continues as the Aussie dollar couldn't hold gains above the .8100 mark. Next bearish objective is seen into the .7930-.7960 region formed by a rising trend-line and also by the 50% retracement of the .9850-.6005 large decline - former resistance which could provide support now. On the upside, minor resistance is seen at .8100 then .8150, higher. A breach above .8100 is needed to signal that uptrend resumed. Intra-day sentiment is negative. Current quote is .8022 @06:10 GMT
Support levels: .8000, .7950/60 and .7930
Resistance levels: .8100, .8150 and .8200
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Support on the 1.5100 mark is intact but the pair still lacks volatility - trading into a 45 range on Friday. Intra-day resistance starts at 1.5140/50 followed by 1.5175 and the key barrier at 1.5225/30. On the downside, support backs 1.5100 at 1.5050 and 1.5000/10. Current quote is 1.5108 @06:10 GMT
Support levels: 1.5090/00, 1.5050 and 1.5000/10
Resistance levels: 1.5150, 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
