EUR/USD Current price: 1.2821


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With no much behind the movement, the EUR/USD sunk to a fresh weekly low ahead of US opening, falling towards 1.2814 daily low as stops below 1.2840 got triggered. The hourly chart shows  a strong bearish momentum, and with price finally breaking below the consolidative range of the last couple of sessions, there’s scope for a downward continuation, eyeing the 1.2744 level, this year low. In the 4 hours chart indicators resumed the downside, while 20 SMA moved lower currently around 1.2890 strong static resistance level, and selling point in case of recoveries.



Support levels: 1.2810 1.2785 1.2744



Resistance levels: 1.2840 1.2890 1.2930 



GBP/USD Current price: 1.5178


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Dollar continues to gather momentum across the board, and GBP/USD quotes a few pips above the weekly low of 1.5172, gathering bearish pace according to the hourly chart, as price broke below 1.5190 former short term support as indicators accelerate south in negative territory. In the 4 hours chart technical readings are also heading lower in negative territory, supporting the shorter term view: next bearish target comes around 1.5130, 61.8% retracement of the latest daily bullish run.



Support levels: 1.5170 1.5130 1.5285 



Resistance levels: 1.5215 1.5250 1.5290



USD/JPY Current price: 102.63


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The USD/JPY nears its weekly high of 102.75, although the upward momentum has diminished over the last few days, and a clear break above it is now required to confirm further gains. The hourly chart shows price extending higher while momentum bounces from the 100 level, pointing at least for a test of the level. Steady gains above should see price nearing 103.60 next strong midterm resistance.



Support levels: 102.40 102.10 101.90 



Resistance levels: 102.75 103.15 103.60



AUD/USD: Current price: 0.9712


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Despite having been steadily falling for 2 full weeks, the AUD/USD continues grinding lower, and with no signs of a bottom in place. In the hourly chart, a lower low points for further losses, supported by 20 SMA capping the upside around 0.9770 and indicators heading south below their midlines. In the 4 hours chart, indicators saturate in oversold territory, while 20 SMA heads lower above current price, supporting the negative bias. 



Support levels: 0.9700 0.9660 0.9620



Resistance levels: 0.9740 0.9770 0.9800










































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