The Euro maintains the bid tone after reversing on yesterday at 1.4665. Minor intraday support is now seen at 1.4770/75 backed by 1.4700 and 1.4665, then 1.4570 lower. Resistance is seen at 1.4810 followed by 1.4860 and 1.4900/10. The daily studies are bearish but the current pullback may extend towards resistance into the 1.4900/10 region within the next trading sessions. The upside is slightly favored for now. Current quote is 1.4791 @06:00 GMT
Support levels: 1.4770, 1.4700, 1.4665 and 1.4570. Resistance levels: 1.4800/10, 1.4860 and 1.4900/10. Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish
Yesterday recommended trade: small short at 1.4775, initial stop at 1.4815, objective at 1.4710. Adjust stop to breakeven on 30 pips (at 1.4745) if reached : 65 pips
AUDUSD
Resistance into the .8690 zone is on focus at the time of this writing and a sustained break will encourage further gains towards a more important barrier which is seen at .8810/15. The said resistance at .8810/15 should provide clues if a larger corrective move is underway. Intraday studies are bullish and support is seen at .8635, .8600 and .8535. Current quote is .8672 @06:00 GMT
Support levels: .8635, .8600 and .8535. Resistance levels: .8690, .8745 and 8810/15 Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish
Yesterday recommended trade: stand aside
EURCHF
Resistance at 1.6170/75 holds and limits the upside while support at 1.6135 may be tested a bit later today, if the EUR continues to advance lower. Intraday sentiment is slightly bearish at the time of this report while the daily studies are neutral while holding below 1.6170/75 and above 1.6105. Current quote is 1.6152 @06:00 GMT
Support levels: 1.6135, 1.6100/05, 1.6060 and 1.6020. Resistance levels: 1.6170/75, 1.6190, 1.6200/10 and 1.6255. Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish
Yesterday recommended trade: small short at 1.6155, initial stop at 1.6195, objective at 1.6105. Adjust stop to breakeven on 20 pips (at 1.6135) if reached : 0 (limit/stop not reached - closed at breakeven)
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