EUR/USD Current price: 1.3397
View Live Chart for the EUR/USD
Weighed by the European Central Bank's dovish monetary policy press conference, the EUR/USD took another step lower on Friday and printed a 2-week low of 1.3360 before finding mild support. The euro has lost its bullish shine as short-term charts hold a negative tone, pointing for a deeper correction that could extend easily to 1.3340. A break below could led EUR/USD to next area of major support around 1.3300/10, while a loss of this latter would threaten the broader positive bias. On the upside, daily highs around 1.3430 offer immediate resistance ahead of 1.3460, level which the EUR/USD needs to regain to ease short-term pressure.
Support levels: 1.3340 1.3300 1.3260
Resistance levels: 1.3430 1.3460 1.3500
GBP/USD Current price: 1.5776
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Testing levels above the 1.5800 price, the Cable has set back to 1.5780. A push above 1.58 will neutralize recent bearish price structure. Otherwise a return back below 1.5625 keeps the 1.55 handle in sight. MACD, CCI and Momentum are bearish while Stochastic is bullish in the 15-minute timeframe. On the wider 1-hour chart, CCI and Momentum are bears.
Support levels: 1.5765 1.5700 1.5625
Resistance levels 1.5800 1.5845 1.5875.
USD/JPY Current price: 92.70
View Live Chart for the USD/JPY (select the currency)
USD/JPY lost the 93.00 position and retreated to 92.15, currently the pair is around 92.75 with a slightly bullish trend index. CCI and Momentum are bearisg in the 15 minutes chart.
On the 1-hour timeframe, CCI and Momentum are bullish while Stochastic is bearish. A push above 94.00 revives the prevailing bullish trend. The market has been buying on dips. A break below 92.00 will be needed to show possible topping and reversal at this point.
Support levels: 92.25 92.00 91.80
Resistance levels: 93.00 93.50 94.00
AUD/USD Current price: 1.0324
View Live Chart for the AUD/USD (Select the currency)
The Aussie recovered ground on Friday after bouncing from a 3-month low during the Asian session, although it found resistance ahead of 1.0350. 1-hour charts show a mild positive tone, but with 4-hour indicators still below their midlines, the upside seems quite limited by now. AUD/USD needs a decisive break above 1.0350, level which has been capping upside attempts, to improve the outlook with 1.0380 as next target. On the downside, immediate support is seen at 1.0290, but a loss of 1.0250 would increase pressure and expose 1.0200.
Support levels: 1.0290 1.0250 1.0200
Resistance levels: 1.0350 1.0380 1.0400
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