EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro recovered after testing bids at 1.4570 on yesterday, but the short term bias remains on the downside. Resistance at 1.4765 and higher at 1.4800/10 should limit the upside for now. Support is seen at 1.4700 backed by 1.4630 and 1.4570. Intraday studies are bullish at the time of this writing. Current quote is 1.4702 @06:00 GMT

Support levels: 1.4700, 1.4630 and 1.4570.
Resistance levels: 1.4765, 1.4800/10 and 1.4850.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish

AUDUSD

Current recovery from .8510 may extend further in case of a sustained break of the near term resistance at .8615, aiming higher to .8690 where next resistance is seen. On the downside, support is seen at .8550 and .8500/10. The daily studies are bearish and will remain so while resistance at .8615 and higher at .8690 are intact. Intraday studies are bullish at the time of this writing, but breaking through .8615 won't be easy. Current quote is .8588 @06:00 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 1.6100 still holds after 3 weeks but the short term studies are bearish, favoring more bearish price action and a possible breach of the said support at 1.6100. Resistance is now seen at 1.6140/50 followed by 1.6190 and 1.6255. Support backs 1.6100 at 1.6060 and 1.6020. Intraday studies are neutral at the time of this report. Current quote is 1.6119 @06:00 GMT

Support levels: 1.6100, 1.6060 and 1.6020.
Resistance levels: 1.6140, 1.6190, 1.6200/10 and 1.6255.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish

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