EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro could not break the resistance at 1.4900 on Friday and declined, testing bids at 1.4700 on today's Asian session. Bias remains on the downside while resistance into the 1.4800 region holds, and extended losses towards recent lows into the 1.4630/50 zone are possible. Intraday studies are bearish at the time of this writing. Current quote is 1.4718 @06:30 GMT

Support levels: 1.4700, 1.4630/50 and 1.4600.
Resistance levels: 1.4800, 1.4850 and 1.4900.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish

AUDUSD

The failed attempt on breaking the resistance level at .8800 suggests that the Aussie lacks the strength for a correction and the downside is back on focus as bids into the .8615 region have been tested earlier today. More weakness is expected on a sustained break of mid term support at .8615. Support backs .8600/15 at .8510 while resistance emerges at .8690 and .8745/50. Current quote is .8635 @06:30 GMT

Support levels: .8600/15, .8550 and .8510.
Resistance levels: .8690, .8745/50 and .8800.
Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish

EURCHF

Recent test of 1.6250 has strengthened momentum and the gains may extend higher towards the 1.63 region if support at 1.6200/10 holds. Below 1.6200/10, support is also seen at 1.6180 and 1.6150/60. Intraday studies are bearish at the time of this writing. Current quote is 1.6211 @06:30 GMT

Support levels: 1.6200/10, 1.6180, 1.6140/50 and 1.6105/12.
Resistance levels: 1.6245/50, 1.6300 and 1.6350
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bullish

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