EUR/USD Current price: 1.3334


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Safe havens continue to rule the forex board ahead of US opening, with dollar strongly up against most rivals, exception made by yen that at the time being remains the strongest currency of the board. The EUR/USD flirted with 1.3390 amid better than expected IFO survey, but quickly retraced its gains, approaching quickly to the 1.3300 figure. The hourly chart shows price steady near its lows, with 20 SMA gaining bearish slope above it and indicators heading south in negative territory. In the 4 hours chart indicators are biased lower despite in neutral territory: price needs to breach the 1.3300 level to gain bearish track, eyeing the 1.3240 in the short term.



Support levels: 1.3300 1.3240 1.3200 



Resistance levels: 1.3350 1.3390 1.3430



GBP/USD Current price: 1.5493


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The GBP/USD accelerates south, trading below 1.5500 for the first time in two weeks. The hourly chart shows indicators still heading lower despite in oversold territory, while the 4 hours chart finally got rid of the neutral look and presents also a strong bearish tone. 200 EMA in this last time frame is located at 1.5440, and some bounce from the level should be expected if reached. The length and strength of such bounce, should provide further information on the longer term perspective as a shy recovery should signal bears remain in control and further falls will follow.



Support levels: 1.5480 1.5440 1.5400 



Resistance levels: 1.5520 1.5550 1.5595



USD/JPY Current price: 97.40


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Accumulating over 100 pips down, the USD/JPY presents a strong bearish outlook, with stocks down, gold up, and investors flying to safety. The hourly chart shows indicators heading south in oversold readings, while price breached below 100 and 200 SMAs, this last around 98.00 and offering strong resistance in case of recoveries. Bigger time frames also present a strong bearish tone, eyeing now 96.90 in the short term.



Support levels: 07.20 96.90 96.50



Resistance levels: 97.50 97.90 98.20



AUD/USD Current price: 0.8959


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Aussie resumed its slide against major rivals, reaching a daily low of 0.8932 against the greenback, and holding sub 0.9000. The hourly chart shows price well below a bearish 20 SMA, although indicators correct higher from oversold levels. The 4 hours chart shows indicators flat in negative territory, supporting a short term upward correction before a new leg down. Immediate resistance stands around 0.9010 and as long as below it, the downside is favored. 



Support levels: 0.8955 0.8920 0.8870



Resistance levels: 0.9010 0.9050 0.9080 















































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