EUR/USD Current price: 1.2975


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The early upward momentum seen on EUR on better than expected local PMI’s, was reversed by FED’s Williams comments on favoring an end for US QE as soon as this summer: the words gave a limited boost to greenback reinforced ahead of US  opening by better than expected US Markit PMI.  The EUR/USD hourly chart shows current candle accelerating south below 20 SMA, as indicators turn bearish, entering negative territory. In the 4 hours chart technical readings hold in positive territory, although turning lower, with price bouncing from a bullish 20 SMA currently around 1.2990. The upside remains favored, although steady gains above 1.3030 are now required to confirm further advances today.



Support levels: 1.2960 1.2920 1.2880



Resistance levels: 1.3000 1.3030 1.3060 



GBP/USD Current price: 1.5246


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Pound got a lift from better than expected PMI readings reaching 1.5287 as a daily high. The hourly chart shows price retracing towards current support area, as indicators ease from overbought levels. In the 4 hours chart price stands right around 200 EMA, as indicators turn slightly south still in positive territory. Price needs to break above 1.5290 to confirm a stronger advance now, with 1.5330 as next bullish target.



Support levels: 1.5240 1.5200 1.5160



Resistance levels: 1.5290 1.5330 1.5380



USD/JPY Current price: 100.26


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The yen maintains a bullish tone across the board, advancing steadily against most of its rivals this Monday. The USD/JPY hourly chart shows price near its daily low of 100.01, with market talks about large stops right below.  100 SMA accelerates lower above current price, while indicators head south in negative territory. In bigger time frames the outlook is also bearish, although a break of the key psychological figure is now required to confirm further falls today.



Support levels: 100.00 99.70 99.30



Resistance levels 100.65 101.00 101.25



AUD/USD: Current price: 0.9653


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The AUD/USD has been pretty bullish since the day started, supported by positive Chinese data, and despite Retail Sales in Australia increased below expected. The pair has reached 0.9669 before losing some ground, although the positive short term tone remains, according to the hourly chart, as indicators hold in positive territory while price develops above a bullish 20 SMA. In the 4 hours chart however, technical stance turned to neutral, with price around a flat 20 SMA and indicators hovering around their midlines. Further gains should be seen on recoveries above 0.9700 area, still not clear.



Support levels: 0.9620 0.9595 0.9565 



Resistance levels: 0.9660 0.9700 0.9750
















































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