EUR/USD Current price: 1.3795


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Trading sub 1.3800, the EUR/USD has been under pressure since early European morning, following worse than expected German IFO business report and Italian retail sales. Nevertheless, dollar gains have been pretty shallow, with the pair stalling around 1.3770, 20 SMA in the 4 hours chart, and bouncing back towards 1.3800 with US opening. In smaller time frames technical readings head higher in negative territory, with price approaching a flat 20 SMA, giving not clear signs of upcoming movements. A strong acceleration above 1.3805 is required to confirm further upward potential ahead. 


Support levels: 1.3770 1.3735 1.3710 


Resistance levels: 1.3805 1.3835 1.3860 



GBP/USD Current price: 1.6183


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The GBP/USD remains trapped in the weekly range, having advanced up to 1.6245 but retracing despite good GDP estimates in the UK. Some short term buyers defend so far the 1.6170 area, with technical readings in the hourly chart maintaining a pretty neutral technical stance. In the 4 hours chart indicators head slightly lower below their midlines, although there’s no real strength either side of the board. 


Support levels: 1.6170 1.6120 1.6085 


Resistance levels:  1.6225 1.6260 1.6310



USD/JPY Current price: 97.33


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The USD/JPY experienced some relief this Friday, reaching a daily high of 97.41 with dollar short term strength, although the hourly chart starts showing signs of upward exhaustion, with indicators retracing from their midlines and price heading lower. Moving averages in the mentioned timeframe, hold above current price heading south which maintains the upside limited.


Support levels:  97.20 96.80 96.50 


Resistance levels: 97.50 97.90 98.40



AUD/USD Current price: 0.9596


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The AUD/USD hovers below the 0.9600 mark, contained to the downside as stocks grind higher in the US. However, the technical stance is quite neutral in the short term, with sellers surging on approaches to the 0.9630 area. Either above it or below 0.9570 support, the pair will likely set a clearer tone, pretty unlikely for the rest of the day.


Support levels: 0.9570 0.9520 0.9490


Resistance levels:  0.9630 0.9680 0.9720
















































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