EUR/USD Current price: 1.3188


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Despite the summer-usual lack of volume across the board, the dollar was unable to shake off the bearish tone set with the weekly opening, with the EUR/USD reaching a fresh 5-week high of 1.3217 early US opening, following worse than expected housing numbers. News that at the end of the Q1, government debt in the 17-member euro zone rose to 92.2 %, a fresh record high, seem far from affecting the EUR, that stands around mentioned high against the dollar. The hourly chart maintains the slightly positive tone of previous updates, although the neutral stance prevails amid low volumes. Expect the upside to remain favored as long as price holds above 1.3140 support in the short term.



Support levels: 1.3140 1.3119 1.3080



Resistance levels: 1.3210 1.3245 1.3290



EUR/JPY Current price: 131.28


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The EUR/JPY edged lower, as the yen advanced against its rival for most of the day, finding short term support around its 1 hour SMA, around 131.20 immediate support. Price however seems unable to bounce from the support, adding to the negative tone coming from indicators. Price needs to accelerate however below the 131.00 level to confirm a downward continuation for the upcoming hours, eyeing then 130.20 price zone.



Support levels: 130.90 130.20 129.80



Resistance levels: 131.80 132.25 132.90



GBP/USD Current price: 1.5351


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The GBP/USD posted a high of 1.5382 before easing some, maintaining the positive tone all along this first day of the week. Short term overbought according to the hourly chart, there’s room for corrections down to the 1.5300 area, where buyers are expected to surge. An advance to fresh highs however, should anticipate a continuation towards 1.5570, next strong resistance level.



Support levels: 1.5310 1.5280 1.5235 



Resistance levels: 1.5385 1.5410 1.5460



USD/JPY Current price: 99.50


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Little changed from previous updates, yen continues to advance against the dollar, with the pair testing 99.27 before bouncing some. Technically bearish, as stated earlier the lack of follow trough above 100.00 will surely weight negatively in investors decisions, and favor further downside continuation in the pair, eyeing now 98.80 key support: once below, a stronger sell off should be expected.



Support levels: 99.20 98.80 98.35



Resistance levels: 99.90 100.30 100.70



AUD/USD Current price: 0.9251


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The AUD/USD maintains its daily gains as US session fades, stuck around the 0.9250 level for most of this last session. Technical readings show little progress, with the hourly chart maintaining a positive tone although with no upward momentum at the time being. Stocks at record highs, and gold extending gains above $1330/oz indeed gave Aussie a temporal support. The rally however, is far from confirming a bottom and a reversal, as price remains well below 0.9380, which stands as immediate midterm resistance: as long as below that level, upward movements should be seen as corrective in the middle of the bearish dominant trend. 



Support levels: 0.9240 0.9190 0.9150 



Resistance levels:  0.9270 0.9310 0.9360















































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