EUR/USD Current price: 1.3017


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The EUR/USD maintains the neutral stance regardless what’s going on around the world today, weighted by increasing confidence in a rate cut by ECB next week. US advanced GDP reached 2.5% a pretty good number showing growth, yet below market expectations of 3.1%. Anyway, stocks are higher, and dollar lower against most of its rivals, which suggests the downside for EUR/USD will remain limited by 1.2970/1.3000 price zone. However, only steady gains above 1.3040 should favor a short term bullish movement, with 1.3080/1.3100 being a probable top for today. 



Support levels: 1.3000 1.2970 1.2925 



Resistance levels: 1.3040 1.3070 1.3115



GBP/USD Current price: 1.5483


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GBP upward momentum against the greenback increased, with the pair trading a few pips below the daily high of 1.5497. The GBP/USD maintains a clear bullish tone, and if stocks managed to run higher and trigger some risk appetite, Pound will likely be the most favored today: the hourly chart shows price has held above 1.5420 Fibonacci support, with 20 SMA heading higher below current price and indicators regaining the upside in positive territory. In the 4 hours chart technical readings are also strongly bullish despite in overbought territory. 



Support levels:  1.5450 1.5420 1.5370 



Resistance levels: 1.5490 1.5540 1.5585



USD/JPY Current price: 98.07


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Yen strengthen on negative US data, with the pair testing 98.00 at the time being, and scope to continue falling: the hourly chart shows price broke below both 100 and 200 SMA’s, while indicators head south in negative territory. The pair however, maintains the long term bullish trend and dips will be seen as buying opportunities even on falls up to 97.20 price zone. 



Support levels: 98.00 97.70 97.20



Resistance levels: 98.20 98.60 99.10  



AUD/USD: Current price: 1.0281


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The AUD/USD maintains a steady range, holding above 1.0260 static support level, although with an overall bearish tone according to the hourly chart, that shows price below 20 SMA and indicators in negative territory. Bigger time frames show indicators around their midlines, and price right below 20 SMA in the 4 hours chart, with not enough bearish momentum at the time being: a price acceleration below 1.0260 is what it takes to trigger a selling rally in the pair towards recent lows of 1.0220. 



Support levels: 1.0260 1.0220 1.0180 



Resistance levels: 1.0300 1.0335 1.0370




























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