EUR/USD Current price: 1.3161


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The EUR/USD surges this Wednesday, finding support again in positive German data, along with rising stocks: DAX trades at record highs, US futures hold to recent gains. Upward momentum accelerated once price broke above 1.3115, having been so far as high as 1.3174 ahead of US opening. The hourly chart shows a strong upward momentum as 20 SMA gains bullish slope below current price, while in the 4 hours chart technical readings also head point for an upward continuation: above recent high, next bullish target comes at 1.3225, 50% retracement of its latest daily fall.



Support levels: 1.3150 1.3115 1.3070



Resistance levels: 1.3190 1.3225 1.3260



GBP/USD Current price: 1.5516


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The GBP/USD slowly advances after yesterday corrective movement, trading now above 1.5500 and with the hourly chart showing a limited upward momentum, as price develops above 20 SMA, while indicators head north in positive territory. In the 4 hours chart however, price holds below 20 SMA, currently offering resistance around 1.5535: only steady gains above this last should signal an upward continuation in the pair, while bears will take control only on a break below 1.5490 support.



Support levels:  15490 1.5450 1.5420 



Resistance levels: 1.5535 1.5580 15610



USD/JPY Current price: 98.65


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USD/JPY eased further, trading below its 100 SMA in the hourly chart, and with indicators heading lower below their midlines, supporting the negative outlook. Lower highs and lower lows daily basis gave the bearish tone a stronger base, with 98.50 now as immediate support. In the 4 hours chart technical readings turned bearish, although with no momentum at the time being. 



Support levels: 98.50 98.10 97.70



Resistance levels: 99.10 99.45 99.70 



AUD/USD: Current price: 1.0193


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AUD/USD bounced from 1.0150 area, still under pressure as the pair seems unable to regain the 1.0200 price zone. The hourly chart shows price barely above 20 SMA, while indicators turn lower right above their midlines, suggesting not much buying interest around. In the 4 hours chart the bearish trend remains firm in place, as 20 SMA heads south above current price, currently around 1.0220/30, while indicators hold in negative territory. Further slides will depend on the ability of the price to take over the daily low, with parity then at sight.



Support levels: 1.0150 1.0110 1.0080



Resistance levels: 1.0220 1.0260 1.0300 




































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