Euro’s rebound after yesterday’s fall to 0.8144 suggests consolidation would be seen and above intra-day resistance at 0.8222 would bring retracement to 0.8240-50 but renewed selling interests should emerge below resistance at 0.8269 and bring another decline later. A break of said support would extend recent downtrend to 0.8100-10, however, oversold condition should limit downside to 0.8084

Current breach of indicated support at 0.9861 and 0.9842 confirms recent downtrend has resumed and further weakness tin wave C from 1.0524 to 0.9800, then 0.9758 (100% projection of 1.0658-0.9892 measuring from 1.0524) would be seen, however, near term oversold condition should limit downside to 0.9720/25 and still reckon 0.9700 would hold, risk from there has increased for a rebound

As the single currency has rebounded after finding support at 106.32 twice this week, retaining our bullishness and as long as this level holds, mild upside bias remains for another rebound, above 107.50 would bring test of 107.80 but break of last Friday’s high of 108.00 is needed to signal the rise from 104.63 has resumed for a stronger retracement of recent decline to 108.50

Despite yesterday’s fall to 1.0247, as aussie has rebounded from there, retaining our view that a temporary low has been formed at 1.0226 earlier and consolidation with upside bias remains for test of 1.0391, break there would suggest retreat has ended and bring another rise to previous resistance at 1.0453 but break there is needed to signal the rebound from 1.0226 is still in progress

Despite intra-day brief fall to 0.8144, lack of follow through selling and current rebound suggest consolidation would be seen and above minor resistance at 0.8204 would bring retracement to 0.8240-50 but renewed selling interests should emerge below resistance at 0.8269 and bring another decline later. A break of said support would extend recent downtrend to 0.8100-10

Although the greenback has retreated after yesterday’s rebound to 0.9979, break of indicated support at 0.9861-65 is needed to signal decline has resumed and bring a retest of 0.9842, otherwise, further consolidation would be seen and another corrective bounce to said resistance would be seen but renewed selling interests should emerge around 1.0000 and bring such a decline.

As support at 106.32 (yesterday’s low) has continued to hold and euro has rebounded today, retaining our bullishness and as long as this level holds, mild upside bias remains for another rebound, above 107.50 would bring test of yesterday’s high at 107.80 but break of Friday’s high of 108.00 is needed to signal the rise from 104.63 has resumed for a stronger retracement of recent decline to 108.50

Despite intra-day brief fall to 1.0247, if our view that a temporary low has been formed at 1.0226 is correct, downside should be limited and bring another rebound, above 1.0391 would suggest retreat has ended and bring another test of said resistance at 1.0453 but break there is needed to signal the rebound from 1.0226 is still in progress for retracement of recent decline to previous resistance at 1.0470 and then 1.0500.

As the single currency has fallen again after brief recovery, suggesting recent decline is still in progress and further weakness to 0.8100-10 would be seen, however, oversold condition should limit downside to 0.8084 (100% projection of 0.8395-0.8210 measuring from 0.8269) and reckon 0.8037 (1.618 times projection of 0.8506-0.8295 measuring from 0.8395) would hold

As the greenback has rebounded after last week’s fall to 0.9865, suggesting further consolidation above recent low of 0.9842 would be seen and another corrective bounce to 1.0000 cannot be ruled out, however, resistance at 1.0053 should cap upside and bring another decline later. A break of indicated support at 0.9861 would bring a retest of recent low at 0.9842

Intra-day selloff has dampened our bullishness and support at 106.12 needs to hold to retain prospect of another rebound, above 107.50 would bring test of intra-day high of 107.80 but break of Friday’s high of 108.00 is needed to signal the rise from 104.63 has resumed for a stronger retracement of recent decline to 108.50

Although current breach of previous support at 1.0305 (last week’s low) suggests near term downside risk remains for marginal weakness, if our view that a temporary low has been formed at 1.0226 is correct, downside should be limited to 1.0250 and bring another rebound. Above 1.0391 would suggest retreat has ended and bring another test of said resistance at 1.0453

As the single currency has recovered after holding above yesterday’s low at 0.8162, suggesting consolidation would be seen and recovery to 0.8220-30 is likely, however, renewed selling interests should emerge around 0.8250-60 and bring another decline, break of said support would extend recent downtrend to indicated target at 0.8150

The rebound after this week’s anticipated fall to 0.9865 suggests further consolidation above indicated support at 0.9861 would be seen and another corrective bounce to 1.0000 cannot be ruled out, however, resistance at 1.0053 should cap upside and bring another decline later. A break of said support would bring a retest of recent low at 0.9842

As the single currency has risen again after yesterday’s retreat to 106.52, suggesting near term bullishness remains for the rise form 104.63 to bring a stronger retracement of recent decline to 108.00-05 (50% Fibonacci retracement of 111.43-104.63) and possibly to 108.50, however, reckon 108.80-85 (61.8% Fibonacci retracement) would limit upside

As aussie has retreated after rebounding to 1.0418 earlier this week, retaining our view that further consolidation would be seen and marginal weakness below 1.0305 (this week’s low) cannot be ruled out, however, as temporary low has been formed at 1.0226 last week, downside should be limited to 1.0280 and bring another rebound.

Although the single currency resumed recent decline on broad-based rally in sterling, adding credence to our bearishness and further weakness to indicated target at 0.8150 would be seen, however, near term oversold condition should limit downside to 0.8100 and risk form there has increased for a rebound to take place later.

As the greenback has rebounded after early anticipated fall to 0.9865, suggesting further consolidation above indicated support at 0.9861 would be seen and another corrective bounce to 1.0000 cannot be ruled out, however, resistance at 1.0053 should cap upside and bring another decline later. A break of said support would bring a retest of recent low at 0.9842

Although the single currency has continued to edge higher after this week’s rebound from 104.63 and near term upside risk remains for retracement to 107.50, renewed selling interest should emerge around 108.00 and bring another decline later. A break of 105.25-30 would signal the rebound from 104.63 has ended and bring retest of this level