EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

Having bounced from the 1.4050 support zone brings pressure on the upside, as the Euro may continue to recover a bit versus the US dollar. However, the downside remains on focus despite the current pullback and more selling interest should emerge on the topside, towards the 1.43 region and higher, if reached. Minor support is formed at 1.4150 backed by 1.4100 and 1.4050. Resistance starts at 1.4200 followed by 1.4240/50 and 1.4270. Current quote is 1.4130 @06:08 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

The Aussie dollar managed to advance a bit higher today, after testing bids below the .8000 mark, at .7980. The daily charts are highly bearish and resistance is formed at .8100 and .8175 followed by .8230 and .8350 higher. Support starts at .8025 backed by .7980. Current quote is .8060 @06:08 GMT

Support levels: .8025, .7980, .7950 and .7885.
Resistance levels: .8100, .8175, .8230, .8300 and .8360.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish

EURCHF

Support into the 1.5810-1.5850 region is the bearish objective while trading below the 1.5990 mark. A potential break on the upside past the mentioned resistance level would provide a bullish signal and we will focus on the 1.6090 region, later. On a short term basis, the downside will most likely remain under pressure. Current quote is 1.5950 @06:08 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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