EURUSD, AUDUSD, EURCHF Daily Outlook
EURUSD
The Euro recovered on yesterday, breaking the intraday resistance at 1.4700 then testing offers at 1.4800. Interim support has been set at 1.4750 which is backed by 1.4700 and 1.4630/40. Resistance emerges at 1.4800/15 followed by 1.4850 and 1.4950. Intraday studies are slightly bearish but current Euro recovery may extend towards resistance into the mid 1.48 zone and probably higher if 1.4800 breaks. On the downside, below the 1.4700 support barrier should resume downtrend and bring the 1.4630 zone back on focus. Current quote is 1.4755 @06:35 GMT
Support levels: 1.4720, 1.4700, 1.4630/40, 1.4530/40 and 1.4500.
Resistance levels: 1.4790/00, 1.4815, 1.4850 and 1.4950.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish
AUDUSD
Resistance into the .8750 zone is back on focus and the short term bearish momentum is losing strength due to current consolidation into the .8605/20-.8750 range. A potential break of .8750 on the upside may signal the start of a correction which could extend towards resistance into the .9070 within the next days but that seem pretty high while two important barriers are intact at .8750 and .8800. Support is seen at .8700 backed by .8635. Intraday studies are neutral at the time of this writing. Current quote is .8719 @06:35 GMT
Support levels: .8700, .8635, .8605, .8550 and .8510.
Resistance levels: .8750, .8795/00, .8840/50 and .8950.
Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish
EURCHF
Resistance at 1.6140/50 still holds and a potential break should extend gains towards key resistance into the 1.6170 region. Short term studies are bearish while intradays are neutral at the time of this writing. Support is seen at 1.6125 backed by 1.6105/12 and 1.6095. Current quote is 1.6135 @06:35 GMT
Support levels: 1.6125, 1.6105/12, 1.6095, 1.6030 and 1.5960.
Resistance levels: 1.6140/50, 1.6170/75 and 1.6235.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish
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