EUR/USD Current price: 1.3263


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Dollar took some advantage over its European rivals this Monday, with the EUR/USD trading slightly lower as US session fades, yet far from showing weakness: buyers surged after the pair accelerated below 1.3250, pushing it back higher. Having won a battle, the war is far from over, as investors await big fundamental events in the days to come, to decide a trend. As for the short term, the hourly chart shows price below a slightly bearish 20 SMA, as indicators head higher in negative territory approaching their midlines. In the 4 hours chart 20 SMA held the downside, as indicators stand flat above their midlines, reflecting the lack of direction the pair has, ahead of both Central Banks meetings later this week.



Support levels: 1.3250 1.3210 1.3170



Resistance levels: 1.3295 1.3330 1.3365



EUR/JPY Current price: 129.81


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Yen advanced against most rivals, breaching the 130.00 support against the EUR. The pair however stands pretty close to the level, having found short term support around 129.60. Technical readings in the hourly chart favor the downside, as 100 SMA crosses to the downside 200 one well above current price while indicators stand in negative territory. Bigger time frames present a more limited bearish tone, as further slides are required to confirm a test of 128.80 support.



Support levels: 129.60 129.25 128.80



Resistance levels: 130.10 130.60 131.00 



GBP/USD Current price: 1.5358


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The GBP/USD also lost some ground, in what it still looks like a mere correction in its bullish trend. The hourly chart presents a slightly negative tone as price stands below a bearish 20 SMA and indicators in negative territory, although in the 4 hours chart indicators maintain a neutral stance, holding above their midlines, and with 200 EMA offering key support around 1.5250 now. Only below this level the pair may lose it upward potential while sustained gains above 1.5400 should see the pair advancing towards 1.5480 area.



Support levels: 1.5350 1.5320 1.5290



Resistance levels: 1.5410 1.5445 1.5480



USD/JPY Current price: 97.79


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Little changed from past update, the USD/JPY trades near its daily low of 97.62, capped below its 100 DMA since the day started still around 98.45. The hourly chart shows around their midlines, yet price unable to recover ground suggest bears remain in control. In bigger time frames, technical readings present a strong bearish tone that continues to favor the downside, all the way back to June lows around 93.70.



Support levels: 97.60 97.20 96.80



Resistance levels: 98.10 98.45 98.80 



AUD/USD Current price: 0.9203


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Australian dollar finally gave up, and fell down to 0.9186 against the greenback, entering Asian session with a clear bearish tone: the hourly chart shows 20 SMA heading south above current price as indicators correct from oversold levels, still in deep red. In the 4 hours chart current candle stands below a flat 20 SMA as indicators turn also lower near their midlines: as long as below0.9225,the downside is favored towards 0.9100  today.



Support levels: 0.9180 0.9135 0.9100



Resistance levels:   0.9225 0.9270 0.9310 















































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