EUR/USD Current price: 1.3640


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The EUR/USD trades at its lowest level in two weeks, finally breaking below 1.3700 following news the EU unemployment rate stands at 12.2% multi years high. The hourly chart maintains a strong bearish tone, as indicators barely corrected extreme oversold readings and head back south, as price consolidates right below 1.3650 immediate resistance. In the 4 hours chart technical readings maintain a strong bearish momentum, suggesting a continuation down to 1.3580 next strong support.


Support levels:  1.3625 1.3580 1.3540


Resistance levels: 1.3650 1.3710 1.3750 



GBP/USD Current price: 1.6037


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The GBP/USD holds above 1.6000, but with no upward momentum as price is unable to recover beyond 1.6060 immediate resistance level. The hourly chart however, presents a slightly bullish tone, with price above its 20 SMA and indicators heading higher above their midlines, reflecting some buying strength. In the 4 hours chart indicators hold in negative territory, while price rebounds from its 200 EMA: a recovery above mentioned resistance is needed to confirm another advance in the pair, towards the 1.6115 price zone. 


Support levels: 1.6010 1.5970 1.5920


Resistance levels: 1.6060 1.6115 1.6150



USD/JPY Current price: 98.18


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The USD/JPY resumed the downside, quickly approaching the 98.00 figure and with the hourly chart showing an increasing bearish potential, as indicators head lower below their midlines. 100 SMA in the mentioned time frame will offer some short term support around 97.90. Bigger time frames however, maintain the neutral stance seen on previous updates, and only below 97.00, a daily ascendant trend line, a stronger slide should be expected.


Support levels: 97.90 97.50 97.00 


Resistance levels: 98.40 98.80 99.30



AUD/USD Current price: 0.9508


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Australian dollar recovered some ground against the greenback, stalling around a key Fibonacci level, 0.9510 the 38.2% retracement of its latest bearish run. The hourly chart shows price pressuring higher above a flat 20 SMA while indicators hold in positive territory, showing no actual strength. In the 4 hours chart price is also being capped by a bearish 20 SMA around current levels, while indicators aim higher still below their midlines. An upward acceleration here may see the pair extending its advance over the upcoming hours, although further technical confirmation is required. 


Support levels: 0.9450 0.9420 0.9380


Resistance levels:  0.9510 0.9540 0.9590
















































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