Some give up their designs when they have almost reached the goal; while others, on the contrary, obtain a victory by exerting, at the last moment, more vigorous efforts than ever before. ~ Herodotus
Good morning. Euro is again under pressure ahead of EU Summit, Italian and Spanish bond sales.
EURUSD
Technical support around $1.2450 is what to keep an eye on in the coming sessions, as a test is just around the corner.
Market sentiment: intraday – bearish, short-term – bearish
EURUSD 4hrs 6-26-2012
hourly:
EURUSD 1hr 6-26-2012
USDCHF
Ongoing recovery provides some buying opportunities while interim support zone around .9550 remains intact. Next resistance is around .9640/50
Market sentiment: intra-day – bullish, short-term – bullish
USDCHF 4hrs 6-26-2012
GBPUSD
Cable is following other pairs downward and recently fell below trendline support. I think that more selling is likely
Market sentiment: intra-day – bearish, short-term – bearish
GBPUSD 4hrs 6-26-2012
EURJPY
Support around 99 is in focus as EURJPY declines, following USDJPY. A plan to consider is selling on potential breach of that support level, unless you are an aggressive buyers.
Market sentiment: intra-day – bearish, short-term – bearish
EURJPY 4hrs 6-26-2012
NZDUSD
A consolidation range is being formed after the breach of upward trendline providing support since beginning of June. It’s an obvious weakness sign and there’s probably some more selling to be triggered soon
Market sentiment: intra-day – bullish, short-term – slightly bullish
NZDUSD 4hrs 6-26-2012
EURGBP
Support at .8020 is under pressure, again, as any recovery attempt fades out fast.
Market sentiment: intra-day – bearish, short-term – bearish
EURGBP 4hrs 6-26-2012
AUDJPY
Recent breakout zone is being tested as it forms support now.
Market sentiment: intra-day – bearish, short-term – slightly bullish
AUDJPY daily 6-26-2012
AUDUSD
The MA bands provided a good support since beginning of June, but uptrend ran out of steam and there’s no solid sign that current decline has come to an end yet. So, the same MA bands seem to provide resistance now
Market sentiment: intra-day – bearish, short-term – slightly bullish
AUDUSD 4hrs 6-26-2012
Have a great day
