EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The Euro gained against the dollar on yesterday, testing resistance into the 1.3740/50 region before falling back below the 1.36 mark. Intraday support is formed at 1.3550 backed by 1.3500/10 and 1.3450. Resistance starts at 1.3650 followed by 1.3700 and 1.3740/50. The downside remains under pressure since the Euro failed to hold its gains into the 1.37 zone and the decline may resume if the support at 1.3550 breaks. Intraday studies are bearish. Current quote is 1.3576 @06:40 GMT

Support levels: 1.3550, 1.3500/10 and 1.3440/50.
Resistance levels: 1.3650, 1.3700,1.3740/50 and 1.3800.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish

AUDUSD

Key support on the .7000 mark has been breached and the Aussie collapsed into the mid .67 region, the lowest level since 2003. Resistance emerges now at .6885 followed by .7000 and .7140. Support is seen at .6750 backed by .6700. Below .6750 opens .6350. Both daily and intraday studies are bearish and extremely oversold. Current quote is .6861 @06:40 GMT

Support levels: .6750 and .6700.
Resistance levels: .6885, .7000 and .7140.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish

EURCHF

Downside pressure resumes due to the slip below 1.5450 which is currently an intraday resistance barrier followed by 1.5525 and 1.5600. Support is seen at 1.5400 backed by 1.5380 and 1.5335. Intraday studies are bearish. Current quote is 1.5442 @06:40 GMT

Support levels: 1.5400, 1.5380 and 1.5335.
Resistance levels: 1.5450, 1.5525 and 1.5600.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish

E-Forex

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