EURUSD, AUDUSD, EURCHF Daily Outlook

EURUSD

The upside barrier on the 1.4000 handle has proven strong enough to resist on yesterday's tests and the dollar recovered some lost ground but it is giving away gains, as the euro managed to climb to as high as 1.3950 today. Minor intra-day resistance is formed at 1.3950 by the 61.8% fibonacci retracement of yesterday's decline from 1.4000 to 1.3870. Downside pressure remains high while trading below 1.4000 and support into the 1.3890 region formed by a rising trend-line should remain intact in order to maintain the current intra-day bullish sentiment valid. Below 1.3890, extended losses may target 1.3750. Current quote is 1.3927 @06:35 GMT

Support levels: 1.3890/00, 1.3820/30, 1.3750/75 and 1.3700
Resistance levels: 1.3950, 1.4000, 1.4050 and 1.4120/35
Market sentiment: long-term : bearish, mid-term : bullish, short-term : slightly bearish

AUDUSD

The breach above the .8000 mark suggests that uptrend is favored for now and extended gains towards the top side at .8230/60 may occur. Minor resistance is seen a bit higher, at .8065. On the lower zone, support is emerging at .8000 backed by .7850 and .7800. Intra-day sentiment is positive at the time of this writing, daily charts being bullish as well. Current quote is .8029 @06:35 GMT

Support levels: .8000, .7950, .7850/55 and .7800
Resistance levels: .8065, .8100 and .8230/60
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish

EURCHF

The euro managed to recover after testing the 1.5000 support on yesterday and current gains seem to aim towards the 1.5200 mark or the key resistance at 1.5225/30 which is expected to limit the upside for now. Intra-day momentum is bullish while the daily is slightly bearish. Current quote is 1.5117 @06:35 GMT

Support levels: 1.5100, 1.5050, 1.5000/10 and 1.4950
Resistance levels: 1.5150, 1.5200 and 1.5225/30
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bearish

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