EUR/USD Current price: 1.3092


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Despite the final revision of US GDP disappointed big, EUR/USD maintains the negative tone with buyers missing in action. Stocks in the US are soaring after the news, gold holding near its recent lows and the greenback maintaining the strength except against commodity currencies. The EUR/USD recovered from its daily low of 1.3013, but sellers capped the upside around 1.3060, strong Fibonacci resistance as it stands for the 61.8% retracement of its latest fall. In the hourly chart, 20 SMA holds above current price, while indicators head south below their midlines, supporting a downward continuation in the pair. Still a break below 1.3000 is now required to confirm a new leg down.



Support levels: 1.3010 1.2980 1.2945



Resistance levels: 1.3060 1.3105 1.3145 



GBP/USD Current price: 1.5379


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Pound trades below 1.5400 against the greenback, with the hourly chart showing indicators correcting oversold readings but price still below its 20 SMA, currently around 1.5410. In the 4 hours chart the pair maintains a neutral stance according to technical readings with price developing below a flat 200 EMA around 1.5430. The level stands as the last short term resistance in the short term, and bears will remain in control as long as price stands below the level.



Support levels: 1.5370 1.5335 1.5290



Resistance levels: 1.5410 1.5460 1.5490 



USD/JPY Current price: 97.49


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Little to report about USD/JPY, as the pair continues hovering around 97.50 without setting a clear direction. The hourly chart shows some partial yen strength, as the currency rose following US data, with the pair trading below its 100 SMA and indicators heading south below their midlines in the 1 hour chart. A break below 97.20 is now required to see further downside momentum, eyeing then the 96.80 level.



Support levels:  97.20 96.80 96.35



Resistance levels: 97.90 98.30 98.65 















































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