EUR/USD Current price: 1.3271


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Dollar nose dives across the board ahead of US close, following FED’S Hilsenrath comments that the Central Bank will keep its $85 billion-a-month bond-buying program in place at its policy meeting next week.  Despite that’s far from shocking news, it was enough to push EUR/USD to fresh monthly highs, pointing now for a test of the 1.3300 psychological level. Stocks erased all of their daily losses, and enter positive territory, on increased speculation capital injections won’t be over anytime soon. The hourly chart shows a strong upward momentum in the pair, with price accelerating above a bullish 20 SMA and indicators heading north in positive territory, approaching overbought readings. In the 4 hours chart indicators also picked up after being flat for the past 2 days, supporting further advances in Asia.



Support levels: 1.3255 1.3210 1.3170



Resistance levels: 1.3295 1.3330 1.3365



EUR/JPY Current price: 131.80


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Yen outperforms the EUR, with the pair trading in negative territory, and still looking bearish in the short term, as the hourly chart shows price unable to bounce from its 100 SMA while indicators stand in negative territory. In bigger time frames however, readings maintain a more neutral stance, suggesting there’s not enough downward potential at current levels: several lows in between 131.40/50 reflect buying interest aligned there, so only a clear break below will favor a stronger bearish continuation in EUR/JPY.



Support levels: 131.40 130.90 130.30



Resistance levels: 132.25 132.70 133.30 



GBP/USD Current price: 1.5388


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The GBP/USD also trades at fresh daily highs, trading around previous weekly high of 1.5390. After being as low as 1.5262 early Europe, buyers seem ready to take over the 1.54 figure. The hourly chart shows indicators in positive territory, still not reflecting the latest movement, although a candle close around this level should signal a strong upward momentum in the pair. In the 4 hours chart price came back from its 200 EMA around 1.5255 which stands as key midterm support.



Support levels: 1.5370 1.5330 1.5290



Resistance levels: 1.5410 1.5445 1.5480



USD/JPY Current price: 99.31


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The USD/JPY accelerated lower after yet another failure at the 100.00 area. In the 1 hour chart, 100 SMA converges with 200 SMA now at 99.80, both gaining some bearish slope and anticipating further falls in the pair. In the 4 hours chart bearish potential has also increased, with indicators heading lower although still too close to their midlines. Break below 98.80 level should confirm the downward continuation towards 98.00 area for this Friday.



Support levels: 99.20 98.80 98.35



Resistance levels: 99.70 100.00 100.30 



AUD/USD Current price: 0.9253


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Australian dollar is also being favored by dollar selloff, with AUD/USD regaining most of the ground lost yesterday and standing around 0.9250 as of writing. Short term bullish, sellers had been taking their chances in the 0.9300/20 area, so only steady gains above the level will confirm an upward continuation in the Asian session. 



Support levels:  09220 0.9180 0.9135 



Resistance levels:   0.9270 0.9310 0.9350















































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