EUR/USD Current price: 1.3124


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Dollar edged lower this Monday in a quite dull trading journey, where US stocks recovery mid American afternoon from deep red, favored a greenback slide against most rivals.  The EUR/USD hourly chart shows price recovered above its 20 SMA and the 50% retracement of the latest daily bullish run, while indicators head north above their midlines, pointing for further upward corrections ahead of Asian opening. In the 4 hours chart, indicators correct oversold readings, with RSI recovering above 30, also supporting a move higher. Above the daily high of 1.3143, the advance could extend up to 1.3180 area, 38.2% retracement of the same run. 



Support levels: 1.3105 1.3060 1.3035 



Resistance levels: 1.3145 1.3180 1.3210



EUR/JPY Current price: 128.24


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Intraday unchanged the EUR/JPY is ready to close again its daily candle with a doji, reflecting the lack of determination on what to do with the yen among investors. The daily chart however, shows a lower low and a lower high, which favors the downside. As for the short term, the hourly chart shows price below its 100 SMA, currently offering dynamic resistance around 128.40 while indicators turn flat below their midlines, suggesting not much buying interest at current levels. In the 4 hours chart technical readings maintain a bearish tone, although steady gains above mentioned resistance should favor and advance towards the 129.30 price zone.



Support levels: 128.00 127.50 127.00



Resistance levels: 128.40 128.80 129.30



GBP/USD Current price: 1.5438


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The GBP/USD reached a daily high of 1.5463 before easing some, losing the upward potential according to technical readings: the hourly chart shows indicators turning lower despite in positive territory, while in the 4 hours chart, price is being capped by a strongly bearish 20 SMA as momentum retraces from the 100 level. Struggling around the 200 EMA in this last mentioned time frame, steady gains above 1.5460 should signal further recoveries, yet renewed selling interest below 1.5410, should see the pair heading back south with 1.5270 as main bearish target for this Tuesday.



Support levels: 1.5410 1.5370 1.5335 



Resistance levels: 1.5460 1.5499 1.5520



USD/JPY Current price: 97.64


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The USD/JPY upward momentum found sellers in 98.70 area, which stands for the 50% retracement of its latest daily fall from 103.72 to 93.78 this June low, falling back to current levels, where it stand most of the past session.  The hourly chart shows indicators heading south below their midlines, which favors a downward continuation, although 97.50 continues to attract short term buyers for now. Still, a break below the level should signal further slides, eyeing then the 96.80/97.10 price zone as next strong support. 



Support levels:  97.50 97.10 96.80 



Resistance levels: 97.90 98.30 98.65 



AUD/USD: Current price: 0.9263


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The AUD/USD trades above its recent range, with the hourly chart showing a pretty neutral stance, as price stands above a flat 20 SMA while indicators turn horizontal right above their midlines. However, and due to the extreme oversold readings seen in bigger time frames, the pair may continue heading north at least in the short term, also supported by 4 hours chart technical readings, as current candle stands above 20 SMA and momentum heads north above 100. Price needs to hold above 0.9250 immediate support, and break above recent high around 0.9300 to be able to extend its gains up to 0.9380 strong midterm resistance level.



Support levels: 0.9250 0.9200 0.9160 



Resistance levels: 0.9280 0.9320 0.9380
















































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