EUR/USD Current price: 1.2863


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The EUR/USD ranges in a 50 pips area, still weighted by European headlines regarding Cyprus. As of now, banks in the country will remained closed until Thursday, as authorities fight against the clock to prevent a bank run once they open. Also, Bank of Cyprus chairman Andreas Artemis announced his intention to resign today, which surely does not favor a recovery on the common currency. Short term however, the pair maintains a neutral stance according to the hourly chart, with price around 20 SMA that lost the bearish momentum and turned flat, and indicators hovering around their midlines. In bigger time frames bias remains to the downside, although a break below recent lows around 1.2825 is required to confirm the movement. 




Support levels: 1.2825 1.2770 1.2735



Resistance levels: 1.2880 1.2920 1.2950 



GBP/USD Current price: 1.5153


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The GBP/USD tested 1.5141 low on UK retail sales disappointing data, although managed to bounce some, now contained by 1.5170 static resistance level. The hourly chart shows price below 20 SMA while indicators aim higher in negative territory, correcting latest slide. In the 4 hours chart the pair is slowly gaining bearish track, pointing for a test of the 1.5110/20 static support area. 



Support levels:  1.5115 1.5060 1.5030



Resistance levels: 1.5170 1.5220 1.5260 



USD/JPY Current price: 94.38


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The USD/JPY managed to regain the 94.10/20 area, although trades dangerously close to it, and recovery remains capped below 94.50 area, immediate short term resistance. The hourly chart shows indicators neutral around their midlines, while moving averages gain bearish slope above current price, supporting a downside continuation. In the 4 hours chart technical indicators maintain the negative tone standing below their midlines although with no actual strength. Risk on the pair remains to the downside, unless a strong recovery back above the 95.00 price zone.



Support levels: 94.10 93.90 93.50 



Resistance levels: 94.50 94.85 95.10 



AUD/USD: Current price: 1.0485


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Aussie holds to its recent strength, nearing 1.0500 against the greenback at the time being, and maintaining the overall positive tone seen over the last few days. The hourly chart shows price above 20 SMA and indicators above their midlines, slowly heading north, while in the 4 hours chart the technical upward momentum is even stronger, with indicators accelerating higher after bouncing on their midlines. Market uncertainty may keep the upside limited, but the pair remains bullish: steady gains above 1.0500/10 area should anticipate more advances towards the 1.0600 price zone.



Support levels: 1.0440 1.0410 1.0360 



Resistance levels:   1.0500 1.0550 1.0610






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