EUR/USD Current price: 1.3790


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Dollar gathers intraday momentum ahead of US opening, as the markets enter risk mode ahead of upcoming FED meeting next Wednesday. Is not about dollar being buoyed, but about investors taking some profits out of the table “just in case”. Anyway, the EUR/USD holds near the 1.3800 level, having posted a daily low so far of 1.3781. The hourly chart presents a slightly bearish tone, with price below its 20 SMA and indicators in negative territory, with 1.3740 October 23rd low as immediate support. In the 4 hours chart, technical readings also turn south testing their midlines, as price attempts to break below its 20 SMA, still far from supporting a bearish continuation. 


Support levels: 1.3740 1.3710 1.3680


Resistance levels: 1.3805 1.3835 1.3860 



GBP/USD Current price: 1.6159


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The GBP/USD broke below the base of the symmetrical triangle hovering now around the base of 1.6160. The hourly chart shows a limited bearish tone, due to the lack of conviction of current dollar rally, with risk increasing on a break below 1.6120 static support. In the 4 hours chart technical readings remain flat around their midlines, giving no clear clues on direction. Break below mentioned 1.6120 should see the pair extending the slide, with 1.5970 as next big support to follow.


Support levels: 1.6120 1.6085 1.6040


Resistance levels: 1.6160 1.6225 1.6260 



USD/JPY Current price: 97.68


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The USD/JPY pressures the daily high around 97.70 consolidating the gains obtained with Asian opening, although still lacking actual strength according to the hourly chart, as price stands between 100 and 200 SMAs that maintain the negative slope, while indicators hold neutral, barely above their midlines. Steady gains above 97.90 may see an extension of current upward trend, although 98.40 will likely attract sellers if reached. 


Support levels: 97.60 97.20 96.80


Resistance levels: 97.90 98.40 98.80



AUD/USD Current price: 0.9578


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Aussie attempt to recover ground against the greenback failed around 0.9620 daily high, and the pair trades back lower, again pressuring the 0.9570 static support level. The hourly chart shows price accelerating below 20 SMA as indicators turn south gaining bearish momentum and supporting a break lower. In the 4 hours chart the advance was contained by a bearish 20 SMA around mentioned high, and only a clear break above it will deny the intraday bearish tone of the pair.


Support levels: 0.9570 0.9520 0.9490


Resistance levels:  0.9620 0.9680 0.9720















































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