EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro holds its recent gains above the 1.46 mark and the daily momentum remains bullish. The gains may extend forward towards the highs into the 1.4860 region if yesterday's decline to 1.4620 is only a retracement. The retracement scenario remains valid while the Euro doesn't fall below the 1.4540/50 support. Intraday studies are neutral at the time of this report but a break above the 1.4720 minor resistance should suggest a resume of the uptrend, aiming to 1.4800. On the downside, support into the 1.4620 zone may provide a bearish bias if breached. Current quote is 1.4695 @06:40 GMT

Support levels: 1.4620, 1.4540/50 and 1.4475.
Resistance levels: 1.4720, 1.4800 and 1.4860.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bullish

AUDUSD

Intraday momentum is slightly bearish although yesterday's move towards the support zone at .8260/70 is rather corrective. Resistance is seen at .8400 followed by .8455 and .8520. Support starts at .8300 backed by .8260/70 and .8240. Current quote is .8359 @06:40 GMT

Support levels: .8300, .8260/70 and .8240.
Resistance levels: .8400, .8460 and .8520.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish

EURCHF

Short term sentiment remains neutral while trading into the multi-day range of 1.58-1.6030. Intraday studies are bullish and next resistance is seen at 1.6 and 1.6030. Higher than that, more important barrier is eyed at 1.6095/00. Current quote is 1.5949 @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

E-Forex

Legal disclaimer and risk disclosure