EUR/USD Current price: 1.3384


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Commodities rose and stocks sold off in a strong risk aversion environment this Tuesday, following news the US government and its allies consider a military strike on Syria following the country’s suspected use of chemical weapons. Investors rushed to safe havens, with yen and gold the overall winners, and dollar following. The EUR/USD however, mounted a rollercoaster, coming back and forth in the 1.33/34 area, proving again bulls are not ready to give up, but unable to break above the top of its latest range. Low summer volumes are yet another reason of the lack of follow through in the pair.



The EUR/USD enters Asian session consolidating right below the 1.3400 level, having bounced from a daily low of 1.3321, 20 DMA, holding pretty much unchanged from its weekly opening. The hourly chart shows indicators neutral yet in positive territory, while the 4 hours chart shows some limited upward potential. Still, the range dominates the pair and a break seems unlikely until September return of volume and tapering clues. 



Support levels: 1.3350 1.3300 1.3240 



Resistance levels: 1.3390 1.3420 1.3450



EUR/JPY Current price: 130.02


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Yen stands victorious after a day of run towards safety, with the EUR/JPY barely holding around 130.00 and having posted a low of 129.82, where 100 DMA offered short term support. However, risk to the downside persists, as local share markets will probably get the echo of their oversea peers. As for the hourly chart, price stands well below 100 and 200 SMAs while indicators head south despite in oversold territory, suggesting more downward pressure ahead, eyeing now strong static support around 128.80. 



Support levels: 129.80 129.35 128.80 



Resistance levels:  130.60 131.00 131.55



GBP/USD Current price: 1.5538


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Pound post yet another daily low against the greenback, with the pair closing the day in red after testing 1.5480 early Europe. The pair however, managed to bounce some, still far from suggesting the downside is exhausted. As for the hourly chart, technical readings maintain the bearish tone, with momentum heading south below its midline and 20 SMA capping the upside. In the 4 hours chart indicators already corrected oversold readings, while 20 SMA presents a bearish slope above current price, all of which suggests fresh lows for the upcoming sessions. 



Support levels: 1.5480 1.5440 1.5400 



Resistance levels: 1.5520 1.5550 1.5595



USD/JPY Current price: 97.14


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The USD/JPY trades near the 97.00 level, having accelerated the bearish momentum seen over the past two days. The hourly chart shows indicators in extreme oversold territory, but bounces had been pretty shallow so far, and further falls are to be expected during Asian hours. 96.90 past week low stands as immediate support and once below, the pair should see another round of strong selling pressure.



Support levels: 96.90 96.50 96.20



Resistance levels: 97.50 97.90 98.20



AUD/USD Current price: 0.8986


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The AUD/USD trades below 0.9000, slowly grinding higher from its daily low of 0.8932 and with the hourly chart showing a short term upward tone, as price stands above 20 SMA and indicators cross their midlines to the upside. The strong advance in gold is giving the pair some support, although Aussie self weakness prevents the pair from advancing further. In the 4 hours chart price develops below 20 SMA currently around 0.9010, while indicators hold in negative territory. Recoveries up to 0.9050/80 area are possible, although sellers are expected to show up on such advances.



Support levels: 0.8955 0.8920 0.8870



Resistance levels: 0.9010 0.9050 0.9080 















































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