EUR/USD Current price: 1.2862


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The EUR/USD retraced most of yesterday’s gains having trade as low as 1.2840 today following dollar momentum over disappointing UK data. Ahead of US opening, market ranges waiting for tips coming from FED officials, as several will be talking today, regarding tomorrow’s FED Minutes. The EUR/USD hourly chart shows price recovering from mentioned low, still trading below its 20 SMA in the hourly chart and with momentum heading south in negative territory, which keeps the upside limited. In the 4 hours chart technical readings present a neutral stance, horizontal around their midlines as well as 20 SMA. A break below mentioned daily low should favor further slides in the pair, with 1.2790 area then at sight.



Support levels: 1.2840 1.2810 1.2785 



Resistance levels: 1.2890 1.2920 1.2950 



GBP/USD Current price: 1.5143


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Pound sunk after quite disappointing inflation readings that felt well below expectations, yearly basis down to 2.4% while Core reading stands now at 2.0%.  The hourly chart shows that despite in oversold territory, indicators continue heading strongly south, as short term sellers are now aligner in the 1.5160/70 area. The 61.8% retracement of its latest bullish run stands at 1.5130 immediate support, as a break below should signal a stronger bearish continuation eyeing then 1.5050 strong static support.



Support levels: 1.5130 1.5090 1.5050



Resistance levels: 1.5170 1.5210 1.5250



USD/JPY Current price: 102.77


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The USD/JPY continues to recover ground, although still capped below 102.93, so far the weekly high. The hourly chart shows indicators recovering the upward momentum in positive territory, while price bounces finally higher from its 100 SMA, currently around 102.40 and immediate support. Bigger time frames present a neutral stance, as the pair has been consolidating most of the past two days in a 100 pips range. Still the upside continues to be favored, as sellers are showing signs of worrisome and not feeling that bold with price steady above 102.00. 



Support levels: 102.40 102.10 101.80 



Resistance levels 102.93 103.20 103.60



AUD/USD: Current price: 0.9773


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Australian dollar trades in red against the greenback, retracing from 0.9840 three day high posted early Asian session. The hourly chart shows indicators heading lower in negative territory as price falls below 20 SMA, and tests session lows, indicating selling interest continues to dominating the pair. In the 4 hours chart price stands now below a still bearish 20 SMA, while indicators hover around their midlines, all of which exposes weekly low of 0.9710 ahead of stronger long term support at 0.9660.



Support levels: 0.9750 0.9710 0.9660 



Resistance levels: 0.9800 0.9840 0.9880 












































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