EUR/USD Current price: 1.3216


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The EUR/USD started the day with a good foot, rising up to 1.3255 on the back of positive European data, although shed all of its gains as dollar picked up momentum ahead of US opening, with little behind the movement. The EUR/USD however, stands above the base of an ascendant channel coming from mid July around 1.3200, with a neutral stance according to the hourly chart as indicators hover around their midlines, standing flat and giving no clues on direction. Bigger time frames however, maintain the positive outlook, favoring now a recovery in price.



Support levels: 1.3180 1.3140 1.3119



Resistance levels: 1.3245 1.3290 1.3325



GBP/USD Current price: 1.5334


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Pound also gave up ground, trading in negative territory and struggling around a daily ascendant trend line, with the hourly chart presenting a strong bearish momentum, as 20 SMA turns lower above current price and indicators head south. In the 4 hours chart, technical readings also turned bearish, with 20 SMA converging with the line and price developing a battle around it: a price acceleration below 1.5310 should favor a bearish leg in the pair, looking for a test of the 1.5260 price zone.



Support levels: 1.5310 1.5260 1.5220



Resistance levels: 1.5365 1.5410 1.5460 



USD/JPY Current price: 100.24


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USD/JPY accelerating above 100.00 may have been part of the reason of latest dollar strength, although again, there has been not much follow trough in price: the pair stalled around 100.30 static resistance area. The hourly chart presents a clear upward momentum, with price above its moving averages and indicators heading north in positive territory, supporting a continuation rally yet further price confirmation is required to see the pair advance up to 100.70 area in the short term.



Support levels: 99.90 99.50 99.20



Resistance levels: 100.30 100.70 101.00



AUD/USD Current price: 0.9214


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Australian dollar faded from the 0.9316 high posted against the greenback, on the back of disappointing Chinese data, proving again bears are dominating the pair. The hourly chart presents a strong bearish momentum despite latest price bounce: a break below 0.9180 should see the pair extending its slide down towards 0.9100 area.



Support levels:  0.9220 0.9180 0.9135



Resistance levels:  0.9250 0.9310 0.9350 















































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