EUR/USD Current price: 1.2814


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No bank runs in Cyprus, and S&P at record highs. That’s what this Thursday left in markets ahead of the Easter holiday that in some cases, extend up to Monday. Market felt sort of relieved Europe did not crashed for good, while US disappointing data send speculators back to stocks. Seems investors are pretty sure QE won’t see the end this year. Profit taking on month end, added to dollar selling, although the EUR/USD recovery has been quite shy, and the bearish trend remains intact.  Ahead of Asian opening, the pair trades barely above 1.2800, with the hourly chart showing indicators losing momentum and approaching their midlines, after the pair found buyers in the 1.2840 area immediate resistance. In the 4 hours chart technical readings maintain the bearish tone, as indicators turn south below their midlines, and 20 SMA capped the upside around mentioned high. While low volume will likely keep the pair ranging this Friday, the downside continues to be favored, with a break below 1.2790 pointing to a test of 1.2730 price zone.



Support levels: 1.2790 1.2760 1.2730 



Resistance levels: 1.2840 1.2880 1.2910



EUR/JPY Current price: 120.75


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The EUR/JPY extended its slide to 119.73 setting a fresh monthly low and continuing its daily pattern of lower lows and lower highs, which reflects the increasing selling interest in the pair. As for the short term, the hourly chart shows indicators flat in neutral territory, yet moving averages heading lower above current price. 4 hours chart shows technical readings in negative territory, supporting the dominant trend. Key support remains at 118.70 area, and a break below should anticipate a larger fall up to 116.10 price zone.



Support levels: 120.50 119.90 119.30



Resistance levels: 120.80 121.45 122.00



GBP/USD Current price: 1.5190


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Pound recovered ground against the greenback after failing to take the 1.5100 level yesterday, reaching 1.5199 before stalling. Consolidating near the daily high, short term outlook remains bullish although indicators are losing upward momentum. Still as long as above 1.5170, there are chances of a continuation towards 1.5220, next resistance level. In the 4 hours chart indicators support the upside, as momentum heads north above 100 and price stands above 20 SMA.



Support levels: 1.5170 1.5130 1.5090  



Resistance levels:  1.5220 1.5260 1.5300



USD/JPY Current price: 94.23


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No changes in USD/JPY that maintains the range around the 94.10 Fibonacci level. The hourly chart shows indicators flat around their midlines, while moving averages remain above current price and heading lower, with 100 SMA now around 94.40 offering immediate resistance. Bigger time frames are also biased lower, although a break below 93.50 weekly low is needed to confirm a stronger slide in the pair.



Support levels: 93.90 93.50 93.20



Resistance levels: 94.40 94.85 95.10



AUD/USD: Current price: 1.0410


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Aussie slide against the greenback halted around 1.0400, leaving the pair biased lower, at least in the short term: the hourly chart shows indicators heading south below their midlines, while 20 SMA caps the upside, heading lower right above current price. In the 4 hours chart technical readings are also heading south in negative territory. Stronger support lays around 1.0360, and once below this last, the bearish momentum will likely accelerate towards 1.0300 area. 



Support levels: 1.0390 1.0360 1.0330



Resistance levels: 1.0450 1.0500 1.0550 








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