EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

Support into the 1.4650 region may be tested later as the Euro reversed after testing resistance at 1.4800 on yesterday. Short term bias is on the downside while resistance at 1.4800 holds. Previous support at 1.4700 provides a minor resistance now, followed by 1.4760 and 1.4800. Support starts at 1.4675 backed by 1.4630/50. Intraday studies are bearish. Current quote is 1.4673 @06:20 GMT.

Support levels: 1.4675, 1.4630/50 and 1.4600.
Resistance levels: 1.4700, 1.4760, 1.4800 and 1.4850.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish

AUDUSD

Aussie's losses are extending through key medium term support which was formed at .8615, now testing bids into the .8570 zone. Next support is seen at .8510. Resistance emerges at .8615 followed by .8690 and .8745/50. Both daily and intraday studies are bearish. Current quote is .8572 @06:20 GMT

Support levels: .8550, .8510 and .8435/50.
Resistance levels: .8615, .8690, .8745/50 and .8800.
Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish

EURCHF

Support at 1.6155 still holds but looks pretty fragile and a sustained break could extend losses towards 1.6140 and 1.6095/00 lower. Intraday and daily studies are bearish while resistance at 1.6175 and 1.6200/10 remain intact. Current quote is 1.6155 @06:20 GMT

Support levels: 1.6140/50, 1.6105/12 and 1.6095.
Resistance levels: 1.6175, 1.6200/10 and 1.6255.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish

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