Technical Market View
AUD/USD
AUD moved until 0,8000 area, where the lower part of the upward channel in the chart and 2004 and 2005 tops are found. Important support is found at these levels and is considered as the beginning of the stabilization. A possi-ble upward target will be the area of 0,8500-8600... 2007 lows at 0,7650-00 will be the next target.
First important resistance is found at 0,8400. The oscillator in the daily chart has given the divergence, while in the weekly chart it has reached extreme levels in the oversold area...
EUR/CHF
The downward break of the base of 1,6000 led to 1,5800, and targets are even lower at 1,5640-00. A move above 1,6150-70 will prove the break false. Next resistance is found at 1,6250-60 ...
EUR/GBP
The upward break of 0,8000 led to 0,8200 area, where we had set our possible target according to the forma-tion, and then retraced to 0,8000-30 which is now tested as support. A move to the previous tops is possible. A clear break of 0,8000 will cancel this scenario bringing the area of 0,7850-00 back in the game ...
EUR/JPY
EUR/JPY sharp decline led the pair below our first targets at 1,5200, almost until the base of 1,5000, as we can see in the weekly chart. Stabilization is expected at these levels. A weekly close below 150,00 will indicate the reversal of the long term uptrend, leading to much lower levels...
A possible scenario would be the stabilization at the base of 150,00-151,00 and then move until the area of 158,00-160,00...
GBP/JPY
The pair broke every possible support level. Next support is found at 180,00. Stability should come at 189,00-19,00 area.
USD/CAD
USD/CAD seems to consolidate be-tween 1,0400-50 and 1,0750-00...
Gold
Gold didn't follow euro to new lows, giving the first signs of divergence. The base of 770-775 is very important. A possible scenario would be the forma-tion of a base above 770,00.
Silver
Important support is found at 11,50-12,00. We are looking for reversal signs...
Crude Oil
The area of 100,00-105,00 is an important long term support. We are looking for reversal signs. Stability will come only after a break of 113,00, which is an important resistance level...
DOW JONES
A retracement to 11,700-800 is possible. Important intraday sup-port is found at 11,300...
FX Greece
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