EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The greenback managed to recover after Friday's decline on more talk from US government officials on yesterday. The 260 points decline of the Euro brings support into the 1.55 zone back on focus while daily sentiment is neutral once again. If the lower half of the 1.55 zone remains intact, we will look forward for a resume of the uptrend. Interim resistance is seen at 1.5630 followed by 1.5700 then 1.5815 and 1.5840, higher. On the downside, minor support emerges at 1.5565 backed by 1.5545 and 1.5485 and 1.5365. Keep an eye on the support region of 1.5545-1.5565, it will most likely suggest what to expect during the upcoming trending sessions. Current quote is 1.5582 @06:35 GMT

Support levels: 1.5565, 1.5545, 1.5485 and 1.5365.
Resistance levels: 1.5630, 1.5700, 1.5750, 1.5815 and 1.5840.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : neutral

AUDUSD

Yesterday's decline below key support at .9540 adds pressure on the more important support levels in the .9470-.9485 region. While short term sentiment is slightly bearish, an extended decline towards .9425 zone is possible if .9470 breaks. Above .9540-50 will resume uptrend. Current quote is .9495 @06:35 GMT

Support levels: .9485, .9470, .9425 and .9360
Resistance levels: .9515, .9540-50, .9600, .9640-50
Market sentiment: long-term : bullish, mid-term : bullish, short-term : slightly bearish

EURCHF

Downside risk remains high although support into the 1.6050 still holds. Resistance starts at 1.6130 followed by 1.6160 and 1.6225. Support backs 1.6050 at 1.6030 and 1.5970. Daily sentiment is bearish while intra-day studies are slightly bullish at the time of this report. Current quote is 1.6080 @06:35 GMT

Support levels: 1.6050-60, 1.6030 and 1.5970
Resistance levels: 1.6130-40, 1.6160 and 1.6225.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish

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