Tuesday Charts 6/26/12

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

EURUSD 4hrs 6-26-2012

hourly:

EURUSD 1hr 6-26-2012

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

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

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

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

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

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

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

AUDUSD 4hrs 6-26-2012

Have a great day

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