EUR/USD Current price: 1.3286


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The EUR/USD advanced up to 1.3301 on the back of better than expected German CPI, up to 1.9% after posting a 2 year low of 1.4% back in March, and maintaining the overall positive tone that rules the pair. With little follow through on cautious traders, the pair enters the US session near its recent highs, with the hourly chart showing price well above 20 SMA and indicators holding in positive territory, although flat. In the 4 hours chart price holds above a bullish 20 SMA, but indicators hold pretty neutral around their midlines, with the pair trapped in a quite tight range since last Thursday. Seems further action won’t come until the FED meets tomorrow US afternoon,  and QE tapering gets more clearer answers. 



Support levels: 1.3250 1.3210 1.3170



Resistance levels: 1.3295 1.3330 1.3365



GBP/USD Current price: 1.5315


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GBP/USD bounces from sub 1.5300 levels, recovering on the back on dollar selling rather than self strength, but maintaining a bearish tone in the short term: indicators turned flat below their midlines, while 20 SMA presents a strong bearish slope well above current price. In the 4 hours chart there is a slightly bearish tone with indicators heading lower right below their midlines and price developing in between 20 SMA at 1.5370 and 200 EMA around 1.5260, key levels to watch over the upcoming hours.



Support levels: 1.5295 1.5260 1.5220



Resistance levels: 1.5320 1.5370 1.5410



USD/JPY Current price: 97.93


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The attempt of recovery of the USD/JPY stalled around 100 DMA, today at 98.45, where sellers took their chances. Trading around its Asian opening levels, the hourly chart shows indicators around their midlines while 100 SMA gained bearish slope well above current price, moving further away from 200 one around 99.40, an usual sign of bearish momentum. In bigger time frames, indicators show no bearish strength, as the pair holds inside yesterday’s range. A break below 97.60 support however, should trigger some bearish continuation with 97.20 as next strong support. 



Support levels: 97.60 97.20 96.80



Resistance levels: 98.10 98.45 98.80 



AUD/USD Current price: 0.9090


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Australian dollar nose dived following RBA governor Glenn Stevens’ concerns of mining slowdown in Australia, leaving doors opened for further rate cuts. The pair reached a daily low so far at 0.9051, recovering some but still bearish according to the hourly chart: 20 SMA heads strongly down around 0.9130, and indicators turn flat after correcting oversold readings. In the 4 hours chart the bearish tone also prevails, although indicators are losing part of its strength. 



Support levels: 0.9040 0.8990 0.8950



Resistance levels:   0.9130 0.9175 0.9220 















































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