EUR/USD Current price: 1.3012


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Hit by worse than expected PMI’s particularly among the “strongest” economies of the area, Germany and France, the EUR nose dived early Europe, reaching against the greenback a daily low of 1.2972. The level stands for the 23.6% retracement of the latest daily fall, and offered some short term support, although the bounce has now extended above 1.3000, as local share  markets are strongly up, which at this point  limits dollar gains against the Euro. The hourly chart shows indicators still heading south below their midlines, but only  a break below 1.2970 should now signal further slides and see the fall extending, with 1.2880 as next big bearish target.



Support levels: 1.3000 1.2970 1.2925 



Resistance levels: 1.3040 1.3070 1.3115



GBP/USD Current price: 1.5250


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Pound tested also the 23.6% retracement of its latest daily fall against the greenback at 1.5195, yet managed to bounce back higher. The pair however, is back below the 1.5260 level, and the hourly chart shows 20 SMA capping the upside , while indicators head south below their midlines, suggesting not much buying interest around. In the 4 hours chart technical readings support the bearish bias, although 1.5190 now needs to give up to confirm the movement lower.



Support levels:  1.5225 1.5190 1.5150



Resistance levels: 1.5260 1.5295 1.5330 



USD/JPY Current price: 99.15


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The USD/JPY has found some support in rising stocks, recovering the 99.00 and advancing again above 100 and 200 SMA’s. The hourly chart shows a certain range around mentioned moving averages being broken to the upside, while indicators remain below their midlines. Current acceleration higher needs to extend above 99.50 resistance level to confirm an upward continuation over the upcoming hours. Buying interest remains aligned around 98.80 static support.



Support levels: 99.00 98.60 98.20



Resistance levels: 99.50 100.00 100.35 



AUD/USD: Current price: 1.0261


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Aussie felt against the greenback to an intraday low of 1.0220 before finding some buying interest, with the pair now challenging the 1.0260 price zone. The hourly chart shows price above 20 SMA but indicators still flat in neutral territory lacking upward momentum. In the 4 hours chart 20 SMA around 1.0280 comes as immediate resistance and only steady  gains above this last will favor an upward recovery in the pair.



Support levels: 1.0220 1.0180 1.0130



Resistance levels: 1.0280 1.0300 1.0335 


























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