EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro is stronger and it recovered some of its recent losses on Friday, after an impressive rally of 340 points. Strong resistance is formed into the 1.4570 region and a potential break should open 1.49/1.5. The short term studies are bullish while holding above 1.43. Minor support is seen at 1.4470 backed by 1.4390, 1.4350 and 1.4300. Resistance starts at 1.4500 followed by 1.4570 and 1.4650. Current quote is 1.4480 @06:45 GMT

Support levels: 1.4470, 1.4390, 1.4350 and 1.4300.
Resistance levels: 1.4500, 1.4570 and 1.4650.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bullish

AUDUSD

Recent breach of .8235/50 resistance confirms the uptrend and the daily studies are now bullish. If the Aussie will hold above the .8230 support zone, the uptrend will remain stable aiming towards the .8500 mark or even higher, to .8800. Support is now seen at .8270 backed by .8230 and .8170. Resistance starts at .8365/75 followed by .8415 and .8500. Current quote is .8307 @06:35 GMT

Support levels: .8270, .8230 and .8170.
Resistance levels: .8365/75, .8415 and .8500.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish

EURCHF

The short term studies are slightly bullish while trading above the 1.5920 mark but the recent violent swings on both sides doesn't look good on the charts, especially the last weekly bars. A resistance zone is formed between 1.6 and 1.6030 while on the downside, support is seen at 1.5920 and 1.5850. Current quote is 1.5981 @06:35 GMT

Support levels: 1.5920, 1.5850, 1.5800 and 1.5750
Resistance levels: 1.6, 1.6030 and 1.6095
Market sentiment: long-term : bullish, mid-term : neutral, short-term : slightly bullish

E-Forex

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