EUR/USD Current price: 1.3102


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The EUR/USD starts the week challenging the 1.3100 level, having already been as low as 1.3085 with markets thin and dollar still strong across the board. With little fundamental data scheduled until the European session, currencies will likely trade according to stocks: if local share markets come under pressure, dollar will likely held its strength, and the EUR/USD move one step closer to the 1.30 level. As for the hourly chart, indicators continue to head south after a limited correction of oversold readings, while 20 SMA now converges with the 38.2% retracement of the latest bullish run, both around 1.3180. Bigger time frames maintain the bearish tone, supporting the bearish continuation in the pair.


Support levels: 1.3085 1.3045 1.3000


Resistance levels: 1.3130 1.3165 1.3200



EUR/JPY Current price: 128.26


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The EUR/JPY lost upward potential despite yen weakness, finding sellers in the 130.00 figure.  The hourly chart shows a bearish potential increasing with indicators heading south below their midlines, although price finds support in its 100 SMA, currently around 128.00. In the 4 hours chart, indicators head south approaching their midlines, as price develops below its moving averages. The downside is favored, with 127.00 as probable bearish target for today.


Support levels: 128.00 127.50 127.00


Resistance levels: 128.80 129.30 129.90



GBP/USD Current price: 1.5392


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The GBP/USD tested Friday’s low around 1.5370 early opening, still unable to fill the gap around 1.5410. The hourly chart shows indicators pointing for further slides in the pair, with 20 SMA capping the upside around 1.5450. In the 4 hours chart, the bearish momentum remains strong, while price remains below its 200 EMA, all of which favors the downward continuation towards 1.5290 price zone.


Support levels: 1.5370 1.5335 1.5290


Resistance levels: 1.5450 1.5490 1.5520 



USD/JPY Current price: 97.93


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Still unable to recover the unbeatable upward momentum seen early this year, the USD/JPY seems poised to continue recovering ground: the pair is finding some buyers around 97.50 Fibonacci level, while the hourly chart shows 100 SMA above 200 one, and indicators bouncing slightly higher form their midlines. Price however, needs to accelerate above the 98.30 area, to confirm further advances today, with some risk to the downside once the Nikkei opens, as stocks may fall and drag the pair with them.


Support levels:  97.50 97.10 96.80 


Resistance levels: 98.30 98.65 99.00



AUD/USD: Current price: 0.9217


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Australian dollar consolidates its recent losses against the greenback, with the pair ranging around 0.9200. The hourly chart shows price around a flat 20 SMA, while indicators stand in neutral territory, giving no much signs of direction at the time being. In the 4 hours chart technical readings maintain the bearish tone, with no indication the pair may correct higher. 


Support levels: 0.9200 0.9160 0.9130 


Resistance levels: 0.9250 0.9280 0.9320















































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