EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro advanced lower versus the US dollar, breaking long term support at 1.4365 formed by January's low. Trading below 1.4300 and 1.4365 indicates a selloff signal towards fresh downtrend lows into the 1.4100 region. The downside remains under pressure and the Euro will most likely maintain a heavy tone while current resistance at 1.4365 stays intact. Intraday studies are bullish due to the minor pullback which is underway. Large moves are expected today across the board due to the NFP release in the US. Current quote is 1.4292 @06:30 GMT

Support levels: 1.4260, 1.4215, 1.4150 and 1.4100.
Resistance levels: 1.4300/10, 1.4365, 1.4390 and 1.4435.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish

AUDUSD

Support is now formed at .8130 backed by .8100 while resistance starts at .8200 followed by .8235, .8300 and .8400. Both daily and intraday studies are bearish and the support into the .8100-.8130 zone remains on focus while the Aussie dollar trades below .8235. A potential break on the upside should extend towards the .8300 mark but rallies are expected to be sold fast. Current quote is .8176 @06:30 GMT

Support levels: .8130, .8100 and .8050.
Resistance levels: .8200, .8235 and .8300.
Market sentiment: long-term : bullish, mid-term : bearish , short-term : bearish

EURCHF

Intraday resistance is formed at 1.5950 followed by the recent support zone at 1.5970/85 which has been breached on yesterday and should provide a barrier on the upside for now. Support is seen at 1.5850 backed by 1.5810/15. The short term studies are bearish while the intraday ones are slightly bullish. Current quote is 1.5885 @06:30 GMT

Support levels: 1.5850, 1.5810/15 and 1.5750.
Resistance levels: 1.5900, 1.5950 and 1.5970/85.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish

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