EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro is again under pressure, leaving the 1.45 zone behind. Support is seen at 1.4300 backed by 1.4260 and 1.4160. Resistance starts at 1.4430 followed by 1.4500 and 1.4615. Daily momentum is losing strength and may turn bearish soon if the pair Euro continues to weaken and fall below 1.4260. The hourly studies are bearish at the time of this writing. Current quote is 1.4365 @06:30 GMT

Support levels: 1.4300, 1.4260 and 1.4160.
Resistance levels: 1.4430, 1.4500 and 1.4615.
Market sentiment: long-term : bullish, mid-term : bearish, short-term : neutral

AUDUSD

Yesterday's large decline below the .8240 support confirms the end of the corrective move towards the .85 region and the downside is back on focus. The daily studies are bearish and the Aussie dollar may extend its losses towards the recent lows into the .7800 zone. Resistance emerges at .8050 followed by .8100 and .8200. Support is seen at .7980 backed by .7915 and .7800. Current quote is .8018 @06:30 GMT

Support levels: .7980, .7915 and .7800.
Resistance levels: .8050, .8100 and .8200.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish

EURCHF

The breach of the support barrier at 1.5750 is extremely bearish and the decline may extend lower towards the 1.53 region during the upcoming weeks. Resistance is now seen at 1.5750 followed by 1.5810 and 1.5860. Support starts at 1.5700 backed by 1.5660. Current quote is 1.5729 @06:30 GMT

Support levels: 1.5700, 1.5660 and 1.5600.
Resistance levels: 1.5750, 1.5810 and 1.5860.
Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish

E-Forex

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