EURUSD
Upside is under renewed pressure as the euro gained 80 points since the Asian session open. Minor resistance at 1.4150/65 doesn't seem to hold as the pair trades comfortably into the 1.4170-1.4180 region at the time of this writing. Support is seen at 1.4100 backed by 1.4030/50 and 1.3970 - lower. Both short-term and intra-day studies are positive, upside being favored. Next objective is seen at 1.4250 - above of 1.4200 which is an interim barrier, most likely easy to breach. Current quote is 1.4170 @06:15 GMT
Support levels: 1.4100, 1.4050, 1.4015 and 1.3970
Resistance levels: 1.4200, 1.4250 and 1.4340
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
Trend line resistance into the .8070 zone - forming the upper band of the downtrend channel is under pressure, the Aussie dollar trading near the .8100 mark at the time of this writing. The channel's breakout will be a significant bullish signal and next short-term objectives at .8150 and .8250/60 should get focused. On the downside, support is emerging at .8000 backed by .7970/80 and .7925. Current quote is .8077 @06:15 GMT
Support levels: .8000, .7970/80, .7925 and .7870
Resistance levels: .8100, .8150, .8200 and .8250/60
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Resistance at 1.5230 should be cleared out in order to signal a resume of the uptrend, but while the daily range remains so low - the euro won't get to far above 1.5230 if it breaks. Short-term momentum is slightly bullish since the break of 1.5170. Intra-day sentiment is also positive, price action suggesting further upside action within the coming sessions. Current quote is 1.5216 @06:15 GMT
Support levels: 1.5170, 1.5100, 1.5050 and 1.5000/10
Resistance levels: 1.5235/50, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
Upside is under renewed pressure as the euro gained 80 points since the Asian session open. Minor resistance at 1.4150/65 doesn't seem to hold as the pair trades comfortably into the 1.4170-1.4180 region at the time of this writing. Support is seen at 1.4100 backed by 1.4030/50 and 1.3970 - lower. Both short-term and intra-day studies are positive, upside being favored. Next objective is seen at 1.4250 - above of 1.4200 which is an interim barrier, most likely easy to breach. Current quote is 1.4170 @06:15 GMT
Support levels: 1.4100, 1.4050, 1.4015 and 1.3970
Resistance levels: 1.4200, 1.4250 and 1.4340
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
Trend line resistance into the .8070 zone - forming the upper band of the downtrend channel is under pressure, the Aussie dollar trading near the .8100 mark at the time of this writing. The channel's breakout will be a significant bullish signal and next short-term objectives at .8150 and .8250/60 should get focused. On the downside, support is emerging at .8000 backed by .7970/80 and .7925. Current quote is .8077 @06:15 GMT
Support levels: .8000, .7970/80, .7925 and .7870
Resistance levels: .8100, .8150, .8200 and .8250/60
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
EURCHF
Resistance at 1.5230 should be cleared out in order to signal a resume of the uptrend, but while the daily range remains so low - the euro won't get to far above 1.5230 if it breaks. Short-term momentum is slightly bullish since the break of 1.5170. Intra-day sentiment is also positive, price action suggesting further upside action within the coming sessions. Current quote is 1.5216 @06:15 GMT
Support levels: 1.5170, 1.5100, 1.5050 and 1.5000/10
Resistance levels: 1.5235/50, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral
