EURUSD
Trading strategy: short at 1.3170, initial stop at 1.3220, objective at 1.3070. Adjust stop to breakeven on +30 pips (at 1.3140) if reached.
The euro continued to pull down against the greenback and the support at 1.3100 is under heavy pressure at the time of this writing. A break below 1.3100 will probably open 1.2950 for a later test. Both daily and intra-day studies are bearish and a break above 1.3400 is needed to resume uptrend on a shor-term basis. Interim resistance is formed at 1.3150 then 1.3220/30 and 1.3270. Current exchange rate is 1.3087 @06:25 GMT
Support levels: 1.3100, 1.3000 and 1.2945/50.
Resistance levels: 1.3150, 1.3230, 1.3270 and 1.3390/00.
Market sentiment: long-term : bearish, mid-term : slightly bearish, short-term : bearish
Yesterday trading strategy: stand aside
AUDUSD
Trading strategy: stand aside
The Aussie currently holds above the .7150 support, consolidating below recent top into the .7320 zone. Intra-day studies are bearish and selling will intensify if the pair will break below .7150. Next support levels are emerging at .7095/00 and .7045/50. Current exchange rate is .7181 @06:25 GMT
Support levels: .7145/50, .7095/00 and .7045/50
Resistance levels: .7230, .7325, .7400 and .7470.
Market sentiment: long-term : bearish, mid-term : slightly bullish, short-term : bullish
Yesterday trading strategy: stand aside
EURCHF
Trading strategy: short at 1.5230, initial stop at 1.5270, objective at 1.5150. Adjust stop to breakeven on +30 pips (at 1.5200) if reached.
The euro recovered some of its losses on yesterday but the gains were modest, upside being limited by the 1.5150 intra-day resistance. Short-term studies remain bearish and support is seen into the 1.5050/75 region and a break below the said level will favor further losses to 1.5 and maybe 1.4910. Current exchange rate is 1.5124 @06:25 GMT
Support levels: 1.5050/75, 1.5010/15 and 1.4910.
Resistance levels: 1.5150, 1.5190, 1.5290/00, 1.5350 and 1.5445/50.
Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish
Yesterday trading strategy: long at 1.4980, initial stop at 1.4935, objective at 1.5045. Adjust stop to breakeven on +30 pips (at 1.5010) if reached : 0 (entry not reached)
