EUR/USD Current price: 1.3006


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The EUR/USD is having a hard time trying to hold to 1.3000, having been as low as 1.2983 this Wednesday. Despite main fundamental data, US GDP final revision, came well below expected, dollar still managed to add gains against most rivals: investors disregarded revisions to previous data, and stick to dollar buying in hopes of a soon end to QE. As for the short term, the EUR/USD remains under pressure, with the hourly chart showing momentum heading north below its midline RSI flat around 30, and the 20 SMA down to 1.3045, offering some dynamic resistance in case of recoveries. In the 4 hours chart technical indicators also present a bearish tone supporting the shorter term view. Key resistance is now around 1.3060, 61.8% retracement of its latest daily run, while 1.2980 is the support to break to see further downside momentum in the pair.



Support levels: 1.2980 1.2945 1.2900



Resistance levels: 1.3020 1.3060 1.3105 



EUR/JPY Current price: 127.30


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The EUR/JPY broke lower, as yen accelerated higher with the news sending EUR/JPY to a daily low of 126.56. The hourly chart shows price below 100 and 200 SMA’s, while indicators head higher following latest price correction back above 127.00. In bigger time frames however the pair presents a stronger bearish tone, with indicators heading south below their midlines; at the time being price is barely holding above its 100 DMA, currently around 126.90, immediate support to follow.



Support levels: 126.90 126.50 126.00



Resistance levels: 127.65 128.00 128.40 



GBP/USD Current price: 1.5324


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Slowly but steadily the GBP/USD extended its fall, holding above the 1.5300 level but maintaining a bearish tone according to the hourly chart, with 20 SMA heading south above current price and indicators still heading lower below their midlines. In the 4 hours chart technical picture is also bearish, with price still heading towards 1.5270 midterm strong support. A break below this last should expose the 1.50 area for the upcoming days.



Support levels: 1.5300 1.5270 1.5230



Resistance levels: 1.5345 1.5380 1.5410



USD/JPY Current price: 97.82


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The USD/JPY continues trading range bound around 97.50 Fibonacci level, still unable to set a trend. Short term time frames maintain a technical neutral stance, with price trapped in the 97.20/98.30 area. Daily chart has a slightly bearish tone, but unless a break below 96.80, there’s not much sign of a downward continuation at the time being.



Support levels:  97.20 96.80 96.35



Resistance levels: 97.90 98.30 98.65 



AUD/USD: Current price: 0.9279


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Australian dollar found short term support in rising stocks, but was unable to hold above the 0.9300 level, and shed its gains over US trading hours. Short term time frames show the pair holds inside the range set earlier this week, while in the 4 hours chart, technical readings present a limited upward momentum. With price unable to advance however, and indicators having already corrected extreme oversold readings, risk turns back to the downside, needing now to break below 0.9530 to confirm a return of the bearish trend.



Support levels: 0.9270 0.9230 0.9190



Resistance levels: 0.9320 0.9350 0.9380
















































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