EUR/USD Current price: 1.2931


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The EUR/USD trades back below the 1.3000 mark, as the post Cyprus agreement announced past Sunday was just enough to help the pair fill the opening gap of past week. As news hit the wires, with Cyprus Nicholas Papadopoulos, lawmaker and Chairman of the parliamentary finance committee asking to “assess the benefits of a euro exit” the EUR/USD fells towards the base of its latest range. The hourly chart shows a strong bearish momentum as price accelerates lower and nears 1.2910 immediate short term support, while in the 4 hours chart price stands now below 20 SMA as indicators head south and approach their midlines. Buying interest has surged around the 1.2880 area during the last few days, so a break lower should advance further slides towards 1.2840 in the short term.



Support levels: 1.2910 1.2880 1.2840



Resistance levels: 1.2960 1.3000 1.3030 



GBP/USD Current price: 1.5189


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Dollar advance weights on the GBP/USD that losses ground after setting a daily high of 1.5260, and trades sub 1.52. The hourly chart shows price below 20 SMA that bends south above current price, and indicators heading south in negative territory, pointing for a bearish continuation. In the 4 hours chart 20 SMA stands around 1.5170 immediate support, while indicators turn lower in positive territory. A deeper bearish correction may be seen if the level is taken, although the movement is mostly seen as corrective, with buyers waiting on dips towards 1.5110/20 price zone.



Support levels:  1.5170 1.5115 1.5060



Resistance levels: 1.5220 1.5260 1.5310 



USD/JPY Current price: 94.74


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The USD/JPY maintains its range, capped below 95.00 and with a short term neutral stance according to technical readings in the hourly chart. Risk however remains to the downside as 100 SMA stands below 200 one while the distance in-between both starts widening. In the 4 hours chart technical readings present a slightly bearish tone, although 94.20 stands as strong support level. A break below this last however, may anticipate a stronger slide in the pair with the 92.00 area then at sight.



Support levels: 94.20 93.70 93.30



Resistance levels: 94.85 95.20 9550



AUD/USD: Current price: 1.0474


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The AUD/USD continues to push higher, with the pair trading at its daily high as US opens. The hourly chat shows price above a bullish 20 SMA, although indicators show no actual strength despite holding in positive territory. A downside corrective movement however, is not yet seen, as price needs to lose 1.0440 support to turn technically lower. In the 4 hours chart indicators head north well above their midlines, suggesting more gains ahead, with clearance of the 1.0500 area opening doors for an advance towards 1.0610 price zone.



Support levels: 1.0440 1.0410 1.0360 



Resistance levels:   1.0500 1.0550 1.0610




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