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Daily Pivots: (S1) 1.1361; (P) 1.1385; (R1) 1.1423; More...

EUR/CHF recovered after dipping to 1.1347 and was supported above 55 day EMA. Intraday bias is turned neutral again. More consolidation could be seen in near term. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1341) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we're slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

The pair stands at the back foot but still directionless after Monday's action faced strong rejections on both sides.

Monday's gap remains unfilled, keeping near-term bias with bears, as negative signals were boosted by close below important Fibo support at 110.73 (61.8% of 109.71/112.40 rally).

Strong bearish momentum and multiple bear-crosses of daily MA's add to negative outlook, which requires confirmation on repeated close below 110.73 Fibo support.

Bears eye cracked Fibo support at 110.34 (76.4%) and psychological 110 level in extension.

Only bounce and close above 111.05 (Friday's close/broken Fibo 50%/falling 5SMA would ease bearish pressure.

Res: 110.85, 111.05, 111.37, 111.50
Sup: 110.57, 110.30, 110.00, 109.71

ETHUSD has come under renewed buying interest over the last five days, rising back above the 20- and 40-simple moving averages (SMAs) in the daily chart. The positive bias in the near term is also supported by the RSI, which has been hovering above the 50-neutral level in the past few days, while the stochastic oscillator entered the overbought zone.

If prices continue to head higher, resistance should come from the 184.00 barrier and the five-month high of 186.00. A rise above this zone would reinforce the medium-term bullish view and open the way towards the 190.00 psychological level.

However, should a downside reversal take form, immediate support would likely come from the 20-day SMA around 164.40 and the 23.6% Fibonacci retracement level of the upleg from 80.00 to 186.00, around 161.00. A break below this line could drive the Ethereum to challenge the 40-day SMA, currently at 154.40 and the 38.2% Fibonacci of 145.35.

Overall, ETHUSD has been developing in an ascending move since December 2018 and bullish orders are expected after a daily close above the five-month high of 186.00.

Daily Pivots: (S1) 1.1177; (P) 1.1193 (R1) 1.1218; More.....

EUR/USD is staying in consolidation from 1.1111 and intraday bias remains neutral for the moment. As long as 1.1324 resistance holds, near term outlook remains cautiously bearish and further decline is expected. On the downside, break of 1.1111 low will target 100% projection of 1.1569 to 1.1176 from 1.1448 at 1.1105 next.

In the bigger picture, down trend from 1.2555 (2018 high) is still in progress. Current fall should now target 78.6% retracement of 1.0339 (2016 low) to 1.2555 (2018 high) at 1.0813. Sustained break there will pave the way to retest 1.0339. On the downside, break of 1.1448 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 1.3062; (P) 1.3116; (R1) 1.3152; More...

GBP/USD is staying in consolidation below 1.3176 temporary top and intraday bias remains neutral first. Further rise is expected as long as 1.2987 minor support holds. As noted before, corrective decline from 1.3381 should have completed at 1.2865 already. On the upside, above 1.3176 will target a retest on 1.3381 high next. On the downside, below 1.2987 minor support will dampen this bullish view and turn bias back to the downside for 1.2865 support instead.

In the bigger picture, medium term decline from 1.4376 (2018 high) halted and made a medium term bottom after hitting 1.2391. Rebound from 1.2391 is seen as a corrective move for now. In case of another rise, strong resistance could be seen around 61.8% retracement of 1.4376 to 1.2391 at 1.3618 to limit upside. On the downside, break of 1.2773 support will suggests that such corrective rise is completed and bring retest of 1.2391 low first.

The single European currency appreciated about 91 base points against the Japanese Yen on Monday. The currency pair tested a resistance level formed by the 50-hour simple moving average near the 124.20 area during yesterday's trading session.

By and large, it is likely that the EUR/JPY exchange rate will continue to gain strength within this session. The potential upside targets for the pair will be near a resistance cluster formed by the 100– and 200-hour SMAs at 124.62.

However, technical indicators demonstrate that the currency exchange rate could continue its downwards movement today.

The Australian Dollar made a strong upside movement against the US Dollar during the early hours of Tuesday's trading session. The currency pair appreciated about 0.91% in value during the European trading session on Tuesday. This surge was attributed to the Australian macroeconomic data release.

Most likely, the exchange rate will make a brief retracement towards a support level formed by the 100-hour simple moving average at 0.7010 today.

Meanwhile, Skyisthelimit, Dukascopy YouTube host, is expected to create an aftermath analysis video of the RBA release.

The US Dollar depreciated about 0.43% in value against the Canadian Dollar during yesterday's trading session. Tuesday's trading session began with the bearish sentiment, the currency pair breached the lower boundary of an ascending channel pattern at 1.3420.

Given that the currency pair has breached the bottom border of an ascending channel, and the three SMAs are above the price level, it is likely that the currency exchange rate will continue its downside momentum within this session.

On the other hand, the USD/CAD pair could reverse from the current price level at 1.3426 and aim for a resistance line at 1.3453.

Daily Pivots: (S1) 1.0154; (P) 1.0175; (R1) 1.0200; More.....

USD/CHF is staying in consolidation from 1.0237 and intraday bias remains neutral first. More sideway trading could be seen. On the upside, break of 1.0237 will resume larger rise from 0.9186 to 1.0342 key resistance. However, break of 1.0126 will turn bias to the downside for deeper decline to 55 day EMA (now at 1.0066).

In the bigger picture, medium term up trend from 0.9186 is extending. Current rise should target 1.0342 resistance next. For now, we'd be cautious on strong resistance from there to limit upside, until we see medium term upside acceleration. On the downside, break of 0.9879 support is needed to indicate reversal. Otherwise, outlook will stay bullish in case of deep pull back.

The New Zealand Dollar was pressured by the 50-hour simple moving average during yesterday's trading session.

Everything being equal, it is likely that the Kiwi will continue its decline against the Greenback during the following trading session. The currency pair could aim for a support level at 0.6586 today.

However, the currency exchange rate could reverse from the current price level at 0.6615 and aim for the upper boundary of a descending channel pattern at 0.6646 within this session.