EUR/USD Current price: 1.2778


View Live Chart for the EUR/USD


e



The Euro is still paying the price of EU group president Dijsselbloem comments, who stated earlier this week that Cyprus bail-in could be a template for other troubled European countries. Although he quickly tried to change the wording, market players can´t forget those words, than along with Italian downgrade rumors, trigged a selloff in the EUR/USD down to 1.2750 fresh yearly low today. 



The US session saw the pair consolidating in a tight range, with stocks mixed and market unwilling to give up on dollar demand. The hourly chart shows 20 SMA heading strongly down above current price, acting as dynamic resistance around 1.2800, while indicators turned flat in oversold levels. In the 4 hours chart technical readings maintain a strong bearish momentum, with short term selling interest now aligned first around 1.2800, but ready to jump in on spikes up to 1.2880 level.



Support levels: 1.2760 1.2735 1.2690



Resistance levels: 1.2800 1.2840 1.2880 



EUR/JPY Current price: 120.60


View Live Chart for the EUR/JPY (select the currency)


ej


Still under pressure, the EUR/JPY reached 119.93 before recovering some ground, just enough to correct short term oversold readings. The hourly chart shows price well below 100 and 200 SMA’s, both heading lower above current price, while indicators stand flat in negative territory. In the 4 hours chart price, technical readings also remain in negative territory, which suggests there’s still room for more slides. Key support comes now at 118.70, this year low reached past February 23rd, as once below, the pair may extend towards 116.10 over the next few sessions. 



Support levels: 120.50 119.90 119.30



Resistance levels: 120.80 121.45 122.00



GBP/USD Current price: 1.5126


View Live Chart for the GBP/USD (select the currency)


g


The GBP/USD reached a daily low of 1.5091 with US opening, although buying interest finally push sellers back, sending the pair on a shy recovery back to current 1.5120/30 price zone. The hourly chart however shows price unable to extend its advance above 20 SMA, acting as dynamic resistance around current levels, while technical indicators corrected oversold readings and head back south in negative territory. In the 4 hours chart bias remains to the downside as per technical studies, although a break below 1.5090 is required to confirm now the downside continuation.



Support levels:  1.5090 1.5060 1.5030



Resistance levels: 1.5140 1.5170 1.5220 



USD/JPY Current price: 94.41


View Live Chart for the USD/JPY (select the currency)


y


The USD/JPY found again buyers on a dip below 94.10 Fibonacci support, bouncing up to 94.50 area, where 100 SMA in the hourly chart offered dynamic resistance. Risk aversion maintains yen bid, along with some demand coming from Japanese companies over the end of the fiscal year this week. Technical readings remain in negative territory, while bigger time frames look also bearish which should maintain the upside limited; key support comes now at 93.50, this week low as once above, the downside may extend up to 92.00 over the upcoming week.



Support levels: 94.10 93.90 93.50 



Resistance levels: 94.50 94.85 95.10 



AUD/USD: Current price: 1.0442


View Live Chart for the AUD/USD (select the currency)


a


The AUD/USD held pretty well to latest dollar demand, as the pair managed to bounce up from a daily low of 1.0416. However, the short term outlook turned bearish, as price stalled below a bearish 20 SMA while indicators remain in bearish territory. 4 hours chart shows price below a flat 20 SMA with indicators also below their midlines which favors a downside continuation: below 1.0410, the pair may quickly test 1.0360 static support, while once below this last, the pair has room to extend down to 1.0300/30 before strong buying interest reappears.  



Support levels: 1.0410 1.0360 1.0330



Resistance levels: 1.0450 1.0500 1.0550 







New to Forex? Visit our Glossary!