EUR/USD Current price: 1.3022


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Risk to the downside increases for the EUR/USD as the pair approaches latest low of 1.3001 posted last April 17th. With not much fundamental data behind and US Existing Home sales in a couple hours, the pair has been under selling pressure since early European opening, weighted by ECB’s Constancio comments regarding a possible rate cut from ECB next month. The hourly chart shows price well below 20 SMA while indicators head south below their midlines. In the 4 hours chart technical readings are also bearish, with momentum crossing the 100 level and RSI accelerating below 50. A break of 1.3000 should trigger stops and favor a stronger slide in the pair, with 1.2935 then at sight for today.



Support levels: 1.3000 1.2970 1.2935



Resistance levels: 1.3040 1.3070 1.3115 



GBP/USD Current price: 1.2536


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Pound managed to bounce slightly higher from key 1.52 level against the greenback, but remains neutral according to the hourly chart, as price hovers around a flat 20 SMA as indicators lay around their midlines. In the 4 hours chart 20 SMA heads lower, crossing to the downside 200 EMA both around 1.5260 and offering strong resistance in case of further advance, while indicators head slightly lower right below their midlines. As long as below this 1.5260 level, the downside remains favored thus needing technical confirmation with a break below 1.5190 immediate support.



Support levels:  1.5190 1.5150 1.5120



Resistance levels: 1.5260 1.5295 1.5330



USD/JPY Current price: 99.60


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After opening the week with a strong note, the USD/JPY has spent most of the past two sessions in a 20 pips range, again unable to take the 100.00 psychological level. Yen weakness has been supported by G20 statement welcoming BOJ ultra lose policy past Friday, yet the pair still refuses to take the 100.00 level.  The hourly chart shows indicators heading lower with momentum below 100 and RSI still above 50, suggesting not much selling interest around, while 100 and 200 SMA approach each other below current price. Downside corrective movements may gather momentum only on a break below 99.50 immediate support, although the movement will find strong buying interest if 98.80 area is reached. 



Support levels: 99.50 99.20 98.80



Resistance levels: 100.00 100.35 100.80



AUD/USD: Current price: 1.0255


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The AUD/USD trades under pressure today, having posted a daily low of 1.0250 and consolidating nearby ahead of the US opening. The hourly chart shows price limited to the upside by a bearish 20 SMA, while indicators head south below their midlines, all of which supports a downward continuation. In the 4 hours chart technical readings are also biased lower, with fresh lows anticipating a run towards 1.0100 over the upcoming sessions.



Support levels: 1.0260 1.0220 1.0180



Resistance levels: 1.0300 1.0335 1.0380 
























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