EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro dipped as low as 1.4603 on yesterday, before pushing above the 1.47 mark to 1.4730 overnight. Intraday resistance is seen at 1.4740/50 followed by 1.4800 and 1.4860. Current gains may extend towards the 1.4860 region during the upcoming sessions as the upside remains favored for now. On the downside, support starts at 1.4690 backed by 1.4600/20 and 1.4540/50. The hourly studies are bullish at the time of this writing. Current quote is 1.4729 @06:27 GMT

Support levels: 1.4690, 1.4600/20, 1.4540/50 and 1.4475.
Resistance levels: 1.4740/50, 1.4800 and 1.4860.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bullish

AUDUSD

Intraday momentum is bullish and the Aussie dollar recovered most of its last two days losses. Near term resistance is seen at .8400 then .8460 and .8520 higher. Support starts at .8365 backed by .8325 and .8270. Current quote is .8390 @06:27 GMT

Support levels: .8365, .8325, .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 unchanged while trading quietly below 1.6030. Short term momentum is mixed and the pair pretty much lacks direction. On an intraday basis, the upside is on focus and the gains may extend past 1.5975 resistance. Current quote is 1.5953 @06:27 GMT

Support levels: 1.5920, 1.5870, 1.5800 and 1.5750
Resistance levels: 1.5975, 1.6, 1.6030 and 1.6095
Market sentiment: long-term : bullish, mid-term : neutral, short-term : neutral

E-Forex

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