Important notice:
I am happy to announce you that some major changes are underway and the entire service will move to a new site, in order to serve you better and provide more useful features and content. As part of the transformation, or else called 'rebranding' process, E-Forex changes its name to InnerFX and the new site is http://www.innerfx.com
Therefore, the content provider details on this page will change starting on next week (new logo etc). Please make sure you will look for the new stuff within the next days
Thank you for your attention
EURUSD
Yesterday's rally has been limited into the 1.4325 region and since the euro couldn't hold gains above 1.4300, I suspect further weakness on current intra-day retracement but not too far – likely to hold above 1.4190/00 in order to maintain the short-term bullish structure intact. Keep an eye on the intra-day support @1.4240/50 as a potential breakdown would weaken euro's sentiment and encourage further slide towards yesterday's open region @1.4190/00. North of current trading zone, minor intra-day resistance is formed by the 1.4300 handle followed by yesterday's top at 1.4325 and also the falling trend-line (noticed on the 4hrs charts) which starts at 1.4445 on August 5′th. Further gains in gold and equities should provide the catalyst for a break above 1.4330 within the coming days, 1.4400 and 1.4440/50 being the next objectives. Current quote is 1.4266 @06:10 GMT
Support levels: 1.4240/50, 1.4190/00, 1.4100/10
Resistance levels: 1.4300, 1.4325/30, 1.4400 and 1.4440/50
AUDUSD
Minor support is formed by the former resistance around .8390/00 and the Aussie dollar holds recent gains just fine above the .8400 mark. First upside barrier is emerging at .8475 – earlier established top along with .8500. More notable resistance is seen around .8650 formed by a rising trend line on the long term charts – mentioned on yesterday's report. More upside action is likely, while holding above .8390/00 and eventually .8300/30 on an extended pullback. Current quote is .8426 @06:10 GMT
Support levels: .8390/00, .8300/30 and .8200
Resistance levels: .8475/00, .8550 and .8650
EURCHF
Trend line support has been tested once again and provided a reversal point. The euro is currently trying to overcome 1.5300, on its way to the key resistance @1.5360. Interim resistance is noticed around 1.5325 formed by a downward trend line. Current quote is 1.4295 @06:10 GMT
Support levels: 1.5275, 1.5245/50 and 1.5210
Resistance levels: 1.5325/30, 1.5360 and 1.5400
