EUR/USD Current price: 1.3711


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The EUR/USD fell to a daily low of 1.3695 after FED’s decision to leave economic policy unchanged, and maintains a strong bearish tone according to the hourly chart, as price struggles around 1.3710 area. There has been no much changes in FOMC statement, as the Central Bank decided to maintain the $85B pace of QE. Two lines, one new, one missing, stand out however: the FED added that “the recovery in the housing sector slowed somewhat in recent months” and removed comments on “tightening financial conditions” much less dovish than expected, and leaving doors open for QE tapering any time. The dollar gathered momentum across the board, although struggles now to continue around key levels. As for the EUR/USD, failure to quickly regain the 1.3750 area will likely keep the pressure to the downside, with next big hurdle of buyers waiting around 1.3640 


Support levels:  1.3690 1.3640 1.3600


Resistance levels: 1.3750 1.3780 1.3810 



EUR/JPY Current price: 135.27


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The EUR/JPY trades near its highest level in over two years, set at 135.49 past week, and maintaining a strong bearish tone according to the hourly chart, as indicators head north above their midlines while moving averages gain bullish slope below current price.  Yen weakness continues to excel across the board, although with stocks sliding, risk of yen gains after Nikkei opening increase. Nevertheless, the pair may extend up to 136.00 in the short term, and pullbacks will likely remain shallow and above 134.50 support zone.


Support levels: 135.00 134.50 133.90 


Resistance levels: 135.50 136.00 136.45



GBP/USD Current price: 1.6021


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Pound recovers ground after dipping own to 1.5997, struggling now around previous lows around current level. The technical picture is still bearish in the pair both in 1 and 4 hours chart, although the 200 EMA remains intact in the 4 hours chart, and a candle opening below 1.60 is required to confirm another leg down. A recovery above 1.6060 on the other hand will likely signal the downside correction is over, and open doors for a stronger recovery towards the 1.6200 area.


Support levels: 1.6010 1.5970 1.5920


Resistance levels: 1.6060 1.6115 1.6150



USD/JPY Current price: 98.54


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USD/JPY took one more step higher, breaking above its 100 DMA and holding above it as the dust begins to settle. The hourly chart shows 100 SMA quickly approaching 200 one, both below current price as indicators head north above their midlines, all of which supports further advances. In the 4 hours chart, the pair also presents a positive tone, although in the daily chart maintains a quite neutral stance. A long term descendant trend line coming from this year high, stands around 99.20, offering strong resistance in case of more gains.


Support levels: 97.90 97.50 97.00 


Resistance levels: 98.40 98.80 99.30



AUD/USD Current price: 0.9467


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The AUD/USD failed to regain the 0.9515 Fibonacci and sunk to a fresh low of 0.9440 with the news, although bounced back up. However, the hourly chart maintains a bearish tone, with price below its 20 SMA and indicators heading south below their midlines, keeping the pair quite vulnerable to another leg down. In the 4 hours chart technical readings also present a strong bearish tone, supporting a continuation towards 0.9380 over the upcoming session.


Support levels: 0.9450 0.9420 0.9380


Resistance levels:  0.9510 0.9540 0.9590
















































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