EUR/USD Current price: 1.3065


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Better than expected EU macro data along with month end fixing is helping the EUR/USD correct higher today, with the pair flirting with the 1.3100 level, with a high so far at 1.3102, before retracing big on US opening: stocks are down, and strong selling interest remains aligned around 1.3100. The hourly chart shows price above a bullish 20 SMA, while indicators head lower still in positive territory. The 1.3110 area has prove strong over these last days, and won’t be an easy level to take. Steady gains above it may anticipate a continuation towards 1.3150/60 area today, while back below 1.3050, chances turn towards a retest of the 1.3000 price zone.



Support levels: 1.3050 1.3020 1.2980 



Resistance levels: 1.3110 1.3155 1.3200



GBP/USD Current price: 1.5244


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The GBP/USD holds to a tight range, trading with a bearish tone in the short term, as the hourly chart shows price below its 20 SMA and indicators standing in negative territory. The pair stands well below the 61.8% retracement of its latest daily run around 1.5280, and little buying interest should be expected as long as price holds below it. With a daily low of 1.5225, an acceleration below it should anticipate a downward continuation eyeing 1.5190 this June low.



Support levels: 1.5225 1.5190 1.5140



Resistance levels: 1-5280 1.5310 1.5345 



USD/JPY Current price: 98.96


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The USD/JPY saw an interesting advance up to 99.12 where sellers halt the advance, but were unable to revert the dominant upward momentum: the pair pulled back some but holds above immediate support of 98.75, 50% retracement of its latest daily fall. The hourly chart shows indicators turning flat near overbought readings, but far from signaling a reversal. In the 4 hours chart however, technical readings maintain the positive tone, supporting the shorter term view.



Support levels: 98.75 98.35 98.00



Resistance levels: 99.10 99.40 99.80



AUD/USD: Current price: 0.9196


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Aussie fell below the 0.9200 level with US opening, maintaining the strong bearish momentum seen all over the week. The hourly chart shows 20 SMA heading south above current price with a strong bearish slope, while indicators stand in negative territory. In the 4 hours chart technical readings also favor a retest of 0.9150 lows, as indicators head lower below their midlines.



Support levels: 0.9190 0.9150 0.9110



Resistance levels: 0.9230 0.9270 0.9310















































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