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EURUSD
Support mentioned on yesterday's report into the 1.4080-1.4100 region formed by a rising trend line has provided a stable reversal point on last downside test, the euro's recovery being fueled by the equities and crude oil's gains as a result of renewed optimism that the U.S. economy recovers. Intra-day price action suggests further climbing towards the important resistance on the 1.4300 handle, above yesterday's top at 1.4250. A break above 1.4300 will confirm that the entire decline to 1.4085 was corrective. Intra-day sentiment is bullish and should remain intact as long as the pair doesn't slip below 1.4200. Current quote is 1.4255 @06:15 GMT
Support levels: 1.4200, 1.4150, 1.4085/1.4110 and 1.4000
Resistance levels: 1.4250, 1.4300, 1.4400 and 1.4450
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish
AUDUSD
Minor intra-day resistance at .8400 formed by a downward trend line is on focus, followed by the .8470 top side higher. Next bullish objective which is expected to be reached within the next couple of days (or maybe weeks) stands into the .8650 region - formed by a rising trend line supporting the long term trend. Above .8650, the long term trend's re-establishment will be confirmed. Current quote is .8385 @06:15 GMT
Support levels: .8315, .8250 and .8175
Resistance levels: .8400, .8470 and .8600/50
Market sentiment: long-term : slightly bullish, mid-term : bullish, short-term : bullish
EURCHF
Support has been found on a rising trend line on yesterday and the euro is recovering against the Swiss franc, first important resistance being seen at 1.5360/80. If the daily trading range will be a bit larger, a break above the said resistance will probably occur within the next trading sessions. Else, the pair will lose strength and continue the look for direction. Current quote is 1.5315 @06:15 GMT
Support levels: 1.5290/00, 1.5250 and 1.5100
Resistance levels: 1.5330, 1.5380/00 and 1.5500
Market sentiment: long-term: bearish, mid-term: bearish, short-term: bullish
