EUR/USD Current price: 1.1191
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The EUR/USD pair has broke lower on news Greece and its creditors have failed to reach an agreement, for the umpteenth time. The optimism built up these week crashed, with stocks down in the red in Europe and America, and the greenback firming up across the board. In the US, the latest revision of the first quarter GDP came as expected at -0.2%, signaling the economy actually contracted, although better-than-expected consumer spending within the GDP report saved the day. The EUR/USD pair is pressuring the 1.1180 support level, with the 1 hour chart showing that the price is holding a few pips above a mild bullish 20 SMA, whilst the technical indicators have turned lower above their mid-lines. In the 4 hours chart however, the bias is bearish, as the technical indicators have resumed their declines near oversold territory, whilst the 20 SMA maintains a strong bearish slope above the current price.
Support levels: 1.1160 1.1120 1.1050
Resistance levels: 1.1200 1.1245 1.1290
GBP/USD Current price: 1.5745
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The GBP/USD pair trades near its daily lows after failing to recover the 1.5800 level earlier in the day. The data coming from the UK resulted slightly positive, as mortgage approvals rose, albeit below expected. Nevertheless, the pair came under pressure after Grexit talks resumed, and the 1 hour chart shows that the price stands a few pips below the 23.6% retracement of the latest bullish run at 1.5750, whilst the technical indicators are heading lower around their mid-lines, maintaining the risk towards the downside. In the 4 hours chart, the price has extended below its 20 SMA, whilst the technical indicators turned lower after a limited upward corrective in bearish territory, supporting a retest of the 1.5700 level, should the greenback continues to advance.
Support levels: 1.5700 1.5650 1.5620
Resistance levels: 1.5750 1.5790 1.5840
USD/JPY Current price: 124.08
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The USD/JPY pair advanced on dollar strength, struggling to hold above the 124.00 mark, and with a short term bullish tone, as the 1 hour chart shows that the price continues to advance above its moving averages, whilst the technical indicators head higher above their mid-lines. In the 4 hours chart, the technical indicators head higher near overbought territory, supporting additional advances. Nevertheless, sellers have been surging between the 124.10/45 level, and there's little room for additional advances beyond it this Wednesday.
Support levels: 123.70 123.30 122.90
Resistance levels: 124.10 124.45 124.90
AUD/USD Current price: 0.7705
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The AUD/USD pair continues to trade range bound, although dollar strength is pushing the pair down to the 0.7700 level, where it stands ahead of the US opening bell. Technically, the 1 hour chart supports additional declines, with the price below its 20 SMA and the technical indicators heading lower into negative territory, whilst in the 4 hours chart the technical picture is still quite neutral. At this point, the pair needs to break below the 0.7680 level to confirm a downward continuation that can extend down to the 0.7600 figure during the upcoming sessions.
Support levels: 0.7680 0.7640 0.7600
Resistance levels: 0.7750 0.7785 0.7820
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