EUR/USD Current price: 1.3078


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E


After hitting a fresh 3-week low of 1.3058, the EUR/USD recovered up to 1.3100 area on a sudden reversal of dollar strength: the greenback is giving up ground across the board, although EUR bulls are still shy, with the pair capped below the 50% retracement of its latest bullish run at 1.3106. The hourly chart shows 20 SMA still heading lower above current price and converging with the Fibonacci level, reinforcing the resistance area, while indicators head south below their midlines after correcting oversold readings: overall, the downside continues to be favored as long as price holds below the Fibo, with scope to test key 1.30 area on a break of mentioned daily low.



Support levels: 1.3060 1.3035 1.3000



Resistance levels: 1.3106 1.3130 1.3165 



GBP/USD Current price: 1.5398


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G


The GBP/USD finally closed the weekly opening gap around 1.5410 after being as low as 1.5342 early Europe, presenting a short term bullish tone according the hourly chart with indicators heading north above their midlines and price above 20 SMA. However, price shed already some 30 pips from the high, and unless an acceleration above 1.5410 area, the upside remains limited. 4 hours chart shows indicators heading higher but still in negative territory, while 20 SMA maintains a strong bearish slope currently around 1.5460, also limiting gains.



Support levels: 1.5370 1.5335 1.5290



Resistance levels: 1.5410 1.5450 1.5490 



USD/JPY Current price: 97.70


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Y


97.50 Fibonacci support continues to probe strong for USD/JPY, as despite the bearish momentum seen in the hourly chart, the pair managed to bounce some from the level. With buying interest defending the downside, and US yields on the rise, the pair may see further recoveries more over if US stocks continue to erase early losses. 100 SMA in the hourly chart stands around 96.80, offering support in case of a break lower.



Support levels:  97.50 97.10 96.80 



Resistance levels: 97.90 98.30 98.65 



AUD/USD: Current price: 0.9241


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a


Australian dollar sudden recovery against the greenback, found sellers around 0.9270, with the pair maintaining a neutral stance according to the hourly chart: price broke above a flat 20 SMA, while indicators stand barely above their midlines, and with price retracing from the high, the upside is still not clear in the pair. In the 4 hours chart 20 SMA caped the upside, suggesting only steady gains above the level will see a stronger recovery in the AUD/USD.



Support levels: 0.9200 0.9160 0.9130 



Resistance levels: 0.9250 0.9280 0.9320















































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