Technical Outlook

EURUSD

The Euro got a boost on yesterday, clearing the fib resistance into the 1.3015 zone, trading as high as 1.3070 earlier today. Next resistance is eyed at 1.3090, formed by the 61.8% retracement of the 1.3330-1.2707 move. Above the said resistance, the rally may extend towards key near-term barrier at 1.3330. Daily sentiment is slightly bullish due to yesterday’s rally of 250 points and the break above 1.3000/15. While support at 1.2950 holds, the upside will be favored. Current quote is 1.2995 @07:45 GMT

Support levels: 1.3000, 1.2950, 1.2900 and 1.2850.
Resistance levels: 1.3090, 1.3170 and 1.3330.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly bullish

AUDUSD

Interim support is being penetrated at .6400/15, suggesting that yesterday’s rally was corrective. The daily momentum is bearish and the Aussie has yet to overcome the .6535 resistance in order to confirm the rebound. Hourly charts are bearish at the time of this report. A sustained break below .6360 may encourage a drop towards yesterday’s low at .6300 and below. Current quote is .6391 @07:35 GMT

Support levels: .6350/60, .6300, .6230 and .6150.
Resistance levels: 6415, .6450, .6535 and .6570.
Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish

EURCHF

The consolidation continues into a narrow range between support at 1.4815 and resistance at 1.4970. A sustained break on either side is needed in order to provide some clues about next objectives. Above 1.4970, next barriers are eyed at 1.5030 and 1.5100, 1.5170. Below 1.4815, support is also emerging at 1.4750 and 1.4655. Current quote is 1.4896 @07:35 GMT

Support levels: 1.4800/15,1.4750 and 1.4655.
Resistance levels: 1.4970, 1.5030 and 1.5100.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral