EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The 1.5 zone is back on focus after yesterday's rally of 430 points. The bias for the US dollar this week remains bearish and the Euro recovery is likely to continue. Near term key resistance zone is set between 1.4960 and 1.5. Support is now seen at 1.4700 backed by 1.4630 and 1.4530. The daily and hourly studies are highly bullish, favoring a "buy the dips" attitude. However, while the volatility remains at current levels, huge risk exists on both sides. Current quote is 1.4772 @06:40 GMT

Support levels: 1.4700, 1.4630 and 1.4530.
Resistance levels: 1.4860, 1.4960 and 1.5
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bullish

AUDUSD

Key resistance has been tested on yesterday at .8500. A sustained break may open .8800 and the Aussie dollar seem ready for a new test while holding above intraday support into the .8365 region. The daily studies are bullish while the intradays are slightly bearish at the time of this writing. Current quote is .8415 @06:40 GMT

Support levels: .8365, 8270 and .8230.
Resistance levels: .8450, .8500 and .8600.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish

EURCHF

Short term sentiment is neutral as the pair lacks direction nowadays. Although the break of 1.5920 support level on yesterday was bearish, it looks like a false breakout today as the EUR is back into the 1.5935 zone. If the recovery continues, resistance into the 1.6-1.6030 region will be the bullish objective, followed by 1.6095. Current quote is 1.5935 @06:40 GMT

Support levels: 1.5920, 1.5870, 1.5800 and 1.5750
Resistance levels: 1.6, 1.6030 and 1.6095
Market sentiment: long-term : bullish, mid-term : neutral, short-term : neutral

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