EUR/USD Current price: 1.3114


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Uneventful European session so far with London off, sees majors trapped in a tight range, with the EUR/USD hovering in the 1.3100/40 area, lacking technical definitions so far today.  The hourly chart shows price testing a flat 20 SMA around 1.3115, while indicators hold in neutral territory, while the 4 hours chart also presents a neutral stance, although 20 SMA heads south above current price offering short term resistance around 1.3130. With US players hunger for risk, chances of further slides are limited today, although 1.3130/50 area is still a strong resistance level, and needs to be broken to confirm some upward momentum in the pair.



Support levels: 1.3070 1.3040 1.3000



Resistance levels: 1.3140 1.3190 1.3225



GBP/USD Current price: 1.5551


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The GBP/USD eases some today, although also maintains the range. The pair trades below 20 SMA in its hourly chart, with indicators barely below their midlines and turning flat, showing no real strength at the time being. In the 4 hours chart a slightly bearish momentum is building up, as price crosses towards the downside its 20 SMA, while indicators gain bearish tone. Still, the pair has been finding buyers around 1.5490 strong static support, and only steady losses below that level will favor a downward continuation today. 



Support levels:  1.5540 1.5490 1.5450 



Resistance levels: 1.5610 1.5650 1.5690



USD/JPY Current price: 99.18


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The USD/JPY holds above 99.00, after extending its gains up to 99.44 during the Asian session. The hourly chart shows that, while indicators already corrected extreme overbought readings, price held steady, which suggest buyers remain in control of the pair. Further upward momentum today will depend on US stocks aims for new record highs, with a break above 99.60 exposing 100.00 price zone.



Support levels: 98.80 98.40 98.10 



Resistance levels: 99.25 99.60 100.00



AUD/USD: Current price: 1.0224


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Australian dollar continues easing against its American rival, testing the 1.0220 support ahead of the US opening, and with a strong bearish momentum in the hourly chart, that favors further slides. The pair however, has managed to bounce already twice from the area over the last few days, so an acceleration below the level is needed to confirm the downward continuation. In the 4 hours chart technical readings present a strong bearish tone also, with 20 SMA now offering dynamic resistance around 1.0260, attracting sellers in case of a short term bounce higher.



Support levels: 1.0220 1.0180 1.0130



Resistance levels: 1.0260 1.0300 1.0335 


































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