EUR/USD Current price: 1.3521


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The EUR/USD surged this Friday to a daily high of 1.3538, reaching pre negative deposit rates rumors levels. Better than expected German data was the trigger that helped pair recover above the 61.8% retracement of its latest bearish run where it stands, with the hourly chart showing a persistent upward momentum as indicators head higher in positive territory and 20 SMA crossing 200 EMA to the upside below current price. In the 4 hours chart price stands around a flat 200 EMA while indicators head slightly higher around their midlines, supporting some short term gains ahead, as long as above the 1.3500 level.


Support levels: 1.3500 1.3470 1.3440 


Resistance levels: 1.3540 1.3580 1.3625



GBP/USD Current price: 1.6192


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The GBP/USD holds around 1.6200, slightly exhausted after latest gains, but maintaining the positive tone according to the hourly chart, as indicators bounce from their midlines and price founds support in  a still bullish 20 SMA. In the 4 hours chart the overall technical tone is bullish, although indicators lose early strength. A strong resistance area around 1.6250 is now key as only steady gains above should anticipate an upward continuation for next week.


Support levels: 1.6185 1.6140 1.6100


Resistance levels: 1.6220 1.6250 1.6290



USD/JPY Current price: 101.07


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The USD/JPY trades in a tight range in between 100.90 and 101.35 high, with the hourly chart showing indicators turning negative but price holding well above moving averages, keeping the downside limited. In the 4 hours chart momentum stands flat near overbought territory far from suggesting a downward corrective movement ahead. A corrective movement may surge on a price acceleration below 101.05, particularly if stocks turn red in the US.


Support levels: 101.05 100.70 100.35 


Resistance levels: 101.35 101.80 102.30



AUD/USD Current price: 0.9158


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Aussie continued bleeding against the greenback, and the pair maintains the strong bearish tone according to technical readings, with no signs of turning: the hourly chart shows price a couple pips above its daily low, 20 SMA capping the upside now around 0.9190 and indicators still heading south despite in oversold territory. In the 4 hours chart the picture is quite similar, supporting a continued slide towards the 0.9000 figure.


Support levels: 0.9150 0.9110 0.9060


Resistance levels: 0.9190 0.9220 0.9260 
















































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