EUR/USD Current price: 1.3262


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The EUR/USD holds steady, intraday unchanged in a day where greenback was again the overall winner. Dollar demand starting past Asian session with RBA governor Glenn Stevens anticipating further rate cuts in Australia, extended over later US session, following stocks falling and mixed data all across the world. Overall, seems more of position adjustments ahead of tomorrow US GDP and FOMC meeting. As for the EUR/USD, the technical picture is unchanged, with the pair maintaining the bullish tone, despite latest range. Dips towards 1.3233 quickly attracted buyers that send price back to its comfort 1.3250/60 area. Pair is expected to keep the range for the upcoming sessions, in between 1.3230 low and the 1.3300 level.



Support levels: 1.3250 1.3210 1.3170



Resistance levels: 1.3295 1.3330 1.3365



EUR/JPY Current price: 129.94


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Little chance also for EUR/JPY that failed to advance as sellers surged on approaches to 130.57 yesterday’s high. Despite the range, the pair maintains the bearish tone, with the hourly chart showing price developing below 100 and 200 SMAs, and indicators heading lower in negative territory. Main bearish target on fresh weekly lows remain at 128.80 level, while a recovery may see the pair surge above 131.00.



Support levels: 129.60 129.25 128.80



Resistance levels: 130.10 130.60 131.00



GBP/USD Current price: 1.5242


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The GBP/USD nose dived to a daily low of 1.5222 with not much behind the movement except dollar demand. Entering Asian session still oversold according to the hourly chart, there are no signs an upward correction with start soon, as the pair stands a few pips away from mentioned low. In the 4 hours chart, price has broke below 200 EMA, a key barometer of market strength: currently around 1.5270, only steady gains above it will deny the possibility of further falls, while further slides should see the pair testing 1.5170 over the upcoming hours.



Support levels: 1.5220 1.5170 1.5130



Resistance levels:  1.5270 1.5320 1.5370 



USD/JPY Current price: 98.00


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Standing around its Tuesday opening, the USD/JPY found again sellers around its 100 DMA at 98.45, maintaining the bearish tone as the new day starts. The hourly chart shows moving averages heading lower above current price, with 100 one offering dynamic resistance around 98.70 and indicators heading south in negative territory, suggesting only steady gains above this last will deny the possibility of further slides in the pair.



Support levels: 97.60 97.20 96.80



Resistance levels: 98.10 98.45 98.80 



AUD/USD Current price: 0.9060


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Aussie stands again among the weakest currencies of the board, approaching is multi year low of 0.8997 posted last July 12th. The hourly chart shows indicators had already corrected some of the extreme oversold conditions reached, with momentum flat right below its midline, but the lack of reaction in price suggests bears remain in control; 20 SMA stands now as immediate resistance around 0.9080. In the 4 hours chart, indicators head strongly south after a limited correction keeping the pair biased lower.



Support levels: 0.9040 0.8990 0.8950



Resistance levels:   0.9085 0.9130 0.9175 















































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