EUR/USD Current price: 1.3211


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Market is quite choppy this Thursday, with the dollar advancing along with falling stocks and overall buoyed across the board, although with EUR buyers giving a good battle. The EUR/USD fell as low as 1.3165 before bouncing back towards 1.3240 area, where the base of the ascendant channel broken yesterday attracted sellers.  With US indexes pointing for a third day in a row of losses, dollar is finding some support along with yen. The hourly chart shows price going back and forth around its 20 SMA, currently presenting a positive tone coming from technical readings. In the 4 hours chart however, indicators remain flat, reflecting the clear lack of direction the pair has. Only steady gains above 1.3250 area will favor a stronger upward continuation, while 1.3140 is the key support to follow over the upcoming hours.



Support levels: 1.3180 1.3140 1.3110



Resistance levels: 1.3250 1.3290 1.3320



GBP/USD Current price: 1.5301


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Up to 1.5390, down to 1.5262: the GBP/USD trades practically unchanged from its Asian opening, although the lower low and the lower high daily basis favor the downside in the pair. GDP readings in line with expectations in the UK weren’t enough to support Pound that saw a strong kneejerk after the reading. As for technical readings, the hourly chart shows price struggling around its 20 SMA and indicators recovering towards their midlines, still far from supporting further gains. In the 4 hours chart the outlook is bearish, with 200 EMA offering strong support around 1.5250:  a break below this last is what it takes to confirm a stronger bearish momentum in the pair.



Support levels: 1.5290 1.5250 1.5220



Resistance levels: 1.5330 1.5365 1.5410 



USD/JPY Current price: 99.73


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Little news coming from USD/JPY, again struggling to hold gains above 100.00: the pair trades in red ever since the day started, with the hourly chart showing moving averages converging in the 99.90 area, above current price, while indicators head lower in negative territory: the pair is quite neutral and again, chances of further falls increase on the lack of follow trough to the upside. With immediate support around 99.50, the key support comes at 98.80 as a break below it will confirm a stronger slide in the pair, while only above 100.70 it will be able to catch real upward momentum.



Support levels: 99.50 99.20 98.80



Resistance levels: 100.00 100.30 100.70 



AUD/USD Current price: 0.9170


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AUD/USD trades around its daily opening levels, having been confined today to a 60 pips range. The hourly chart shows a positive tone, with indicators heading higher in positive territory and price above its 20 SMA, yet retracing from the 0.9200 area. In the 4 hours chart technical readings maintain the negative tone, helping keep the upside limited. 



Support levels:  0.9135 0.9100 0.9070



Resistance levels:  0.9200 0.9250 0.9310 















































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