EURUSD, AUDUSD, EURCHF Daily Outlook
EURUSD
Intraday studies are bearish and the current decline below the 1.4475 mark may continue towards next support level at 1.4375. Short term momentum is bullish but a potential breach of the support at 1.4375 will signal a reversal, confirming the resume of the downtrend. Resistance starts at 1.4475 followed by 1.4540 and 1.4615. Support starts at 1.4435 backed by 1.4375 and 1.4300. Current quote is 1.4449 @06:30 GMT
Support levels: 1.4435, 1.4375 and 1.4300.
Resistance levels: 1.4475, 1.4540 and 1.4615.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : bullish
AUDUSD
The downside is under pressure, intraday studies being bearish at the time of this writing. While trading below the .8260 mark, the Aussie may extend its losses to .8160 which is the 50% retracement of the .7800-.8520 upward move. Current quote is .8243 @06:30 GMT
Support levels: .8240, .8195 and .8160.
Resistance levels: .8260/65, .8340 and .8425.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bullish
EURCHF
Minor support is seen at 1.5850/55 and current losses may extend lower to 1.5810 and then 1.5750. On the upside, resistance starts at 1.5900 followed by 1.5975 and 1.6. The daily studies are slightly bearish. Current quote is 1.5857 @06:30 GMT
Support levels: 1.5850, 1.5810 and 1.5750
Resistance levels: 1.5900, 1.5970/75, 1.6 and 1.6030
Market sentiment: long-term : bullish, mid-term : neutral, short-term : slightly bearish
E-Forex
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