EUR/USD Current price: 1.2861


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The EUR/USD gained some ground today as dollar demand eased, although thin volume is keeping majors mostly ranging across the board. The hourly chart shows price above a short term ascendant trend line coming from Friday’s low, currently around 1.2840 and offering static support along with a slightly bullish 20 SMA, while indicators are heading lower yet above their midlines. With little definitions around, price needs either to break below mentioned 1.2840 area, or to establish above 1.2890, to set a clearer directional move. 



Support levels: 1.2840 1.2810 1.2785 



Resistance levels: 1.2890 1.2920 1.2950



GBP/USD Current price: 1.5202


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Pound has advanced up to 1.5217 early Europe, finding short term resistance in the 50% retracement of its latest daily bullish run, with a limited positive tone according to the hourly chart, as price stands above 20 SMA while indicators head higher in positive territory. Still, the pair needs to break above mentioned Fibonacci resistance to confirm an upward continuation, while below daily low of 1.5157, the downside is expose towards 1.5130, 61.8% retracement of the same rally.



Support levels: 1.5160 1.5130 1.5285 



Resistance levels: 1.5215 1.5250 1.5290



USD/JPY Current price: 102.44


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The USD/JPY stabilized around 102.40 after the kneejerk suffered at the weekly opening, although presents a short term bearish tone, as the hourly chart shows indicators heading lower below their midlines. Price however, is holding above a bullish 100 SMA, currently around 102.40 and immediate support: a candle opening below the MA should signal a downward continuation, looking for an extension towards 101.25/50 area, past week low. Still risk of buying interest surging on dips remains high, so selling is not recommended at this point. 



Support levels: 102.40 102.10 101.90 



Resistance levels 103.20 103.60 104.00



AUD/USD: Current price: 0.9765


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Australian dollar holds below 0.9800 against the greenback, as the pair has retrace from the area several times already today, but as many other pairs, maintains a tight range. The hourly chart shows price above 20 SMA, and momentum heading higher above its midline, although price shows no upward momentum. The pair has not yet filled the daily opening gap and will probably try to if price falls below 0.9750 immediate short term support.



Support levels: 0.9750 0.9720 0.9690 



Resistance levels: 0.9800 0.9840 0.9880











































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