EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro fell on yesterday to a new downtrend low at 1.4050, breaching the support at 1.4200. Resistance emerges now at 1.4160 followed by 1.4200 and 1.4270. Support starts at 1.4050 backed by 1.4000. Important support is seen lower, at 1.3860 and 1.3760. The downtrend is strong on the short term studies and the hourly charts do not suggest a potential recovery either, so while trading below 1.4200, the Euro may collapse more aiming towards the mentioned support levels at 1.3860 and 1.4760. Current quote is 1.4113 @06:40 GMT

Support levels: 1.4050, 1.4000, 1.3860 and 1.3760.
Resistance levels: 1.4160, 1.4200 and 1.4270.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish

AUDUSD

Support at .8025 is on focus while the Aussie holds below resistance at .8175. More barriers are seen on the upside at .8230, .8300 and .8360. Support backs .8025 at .7950 and .7885. Current downtrend seem to be aiming towards last year's lows into the .7675 region and a potential break of the near term support at .7950 will confirm this view. Current quote is .8080 @06:40 GMT

Support levels: .8025, .7950 and .7885.
Resistance levels: .8175, .8230, .8300 and .8360.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish

EURCHF

The EUR fell below the interim support at 1.5990 vs the Swiss Franc, filling yesterday's gap. Both daily and intraday studies are bearish and the decline may continue towards the recent lows at 1.5850 and 1.5810. Resistance is seen at 1.5990 followed by 1.6030 and 1.6090. Current quote is 1.5953 @06:40 GMT

Support levels: 1.5920, 1.5850 and 1.5810.
Resistance levels: 1.5990, 1.6030 and 1.6090.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish

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