EUR/USD: slightly bullish tone prevails

EUR/USD Current price: 1.3600

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The EUR/USD hovers around the 1.3600 area, in a quite thin trading session as per US markets closed on Thanksgiving. The dollar however, maintains a quite negative tone particularly against its European rivals, with the EUR/USD having reached a higher high of 1.3617 so far today. Technically, the hourly chart shows a quite neutral stance albeit positive, with indicators flat above their midlines and 20 SMA flat below current price. In the 4 hours chart a slightly positive tone prevails, yet 1.3660 will likely keep the upside limited today. 

Support levels: 1.3530 1.3490 1.3440

Resistance levels: 1.3620 1.3660 1.3710


GBP/USD Current price: 1.6342

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The GBP/USD holds near fresh highs of 1.6345 having found buyers late Wednesday around key midterm support of 1.6250. The hourly chart shows 20 SMA maintaining a strong upward slope, offering dynamic support now around 1.6300 as indicators head higher in positive territory. In the 4 hours chart technical readings present a strong upward momentum despite overbought conditions, still supporting a test of the year high of 1.3680 posted early January.

Support levels: 1.6300 1.6250 1.6215 

Resistance levels: 1.6380 1.6420 1.6450


USD/JPY Current price: 102.26

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The USD/JPY advanced some this Thursday, although trades in a tight quiet range. Holding above 102.00, the hourly chart shows momentum horizontal above its 100 level, while moving averages continue advancing below current price, and supporting the bullish tone of the pair. In the 4 hours chart momentum also heads north in positive territory, supporting further gains in the short term.

Support levels: 101.90 101.60 101.15 

Resistance levels: 102.50 102.90 103.30


AUD/USD Current price: 0.9098

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Aussie found some buyers due positive local data during Asian hours, yet sellers surged again around 0.9160 still strong resistance level. The dominant bearish trend remains pretty much intact with the hourly chart showing indicators turning south and current candle opening below 20 SMA. In the 4 hours chart technical indicators also head south in negative territory, supporting a break below 0.9060 immediate support.

Support levels: 0.9060 0.9020 0.8980

Resistance levels: 0.9120 0.9160 0.9210 


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