Daily Technical Analysis

EURUSD Outlook

Yesterday the EURUSD hit my short target at 1.4430, even further, bottomed at 1.4385. However the pair recovered significantly, closed at 1.4492. My hourly bearish channel is violated to the upside. The key level at this phase is resistance level at 1.4530/1.4545. A failure to move consistently above that level would give us continuation to the bearish scenario, while an upside break could open the door for a further upside correction towards 1.4598. My model goes mixed with neutral bias in nearest term, but still bearish in longer term . Immediate support is seen at 1.4468. A break to the downside from that level could give us short opportunities targeting yesterday's low (1.4385). CCI in neutral area both on hourly and 4h chart

EURUSD Daily Supports and Resistances:

S1= 1.4408
S2= 1.4324
S3= 1.4263
R1= 1.4553
R2= 1.4614
R3= 1.4698

GBPUSD Outlook

The GBPUSD continued it's bearish momentum yesterday. The pair bottomed at 1.7666 but closed higher at 1.7753. My hourly bearish channel is violated to the upside. My model goes mixed with neutral bias in nearest term, but still bearish in longer term. Immediate resistance is seen at 1.7781. Initial support at 1.7666 (yesterday's low). CCI in neutral area on 4h chart.

GBPUSD Daily Supports and Resistances:

S1= 1.7665
S2= 1.7578
S3= 1.7490
R1= 1.7840
R2= 1.7928
R3= 1.8015

USDJPY Outlook

The USDJPY failed to continue it's bullish momentum yesterday. The pair bottomed at 108.09 and closed at 108.22. My hourly bullish channel is violated to the downside. My model goes mixed with downside bias. Immediate support is seen at 107.95 followed by 107.65. Initial resistance at 108.50. CCI in neutral area on both hourly and 4h chart.

USDJPY Daily Supports and Resistances:

S1= 107.84
S2= 107.46
S3= 106.84
R1= 108.84
R2= 109.46
R3= 109.84

USDCHF Outlook

Yesterday the USDCHF topped at 1.1170 (15 pips lower from my long target) before whipsawed to the downside, hit the bottomed at 1.1039 and closed at 1.1060. My bullish channel on hourly chart is violated to the downside. My model is mixed with neutral bias in nearest term but still bullish in longer term. Immediate support is seen at 1.1039 followed by 1.0995. CCI in neutral area both on hourly and 4h chart.

USDCHF Daily Supports and Resistances:

S1= 1.1009
S2= 1.0958
S3= 1.0878
R1= 1.1140
R2= 1.1220
R3= 1.1271

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