EUR/USD Current price: 1.3516


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The EUR/USD accelerates to a post a fresh 2 month low in the 1.3500 area ahead of US opening, despite one may expect some profit taking on end month. But dollar maintains the strong foot acquired with latest FED movement, and the EUR continues to weaken on deflationary pressures, as earlier today, EU annual inflation drop back to 0.7%. Technically, the hourly chart shows indicators corrected the extreme oversold readings from yesterday, and retrace now from their midlines, heading south again. 20 SMA in the same time frame, is acting as dynamic resistance in the 1.3550 area, while the 4 hours chart shows also a strong bearish potential despite indicators stand in oversold territory. The negative tone among stocks and the risk aversion sentiment continue to favor the downside in the pair, with market players now eyeing key 1.3440 static support zone.


Support levels: 1.3470 1.3440 1.3400


Resistance levels: 1.3520 1.3550 1.3590 



GBP/USD Current price: 1.6463


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Pound has managed to bounce again from the 1.6430 area against the greenback, although the negative tone prevails in the short term, with the hourly chart showing price capped below 20 SMA and indicators heading slightly lower in negative territory. In the 4 hours chart the pair presents a stronger bearish momentum, with 20 SMA presenting a strong bearish slope well above current price and 200 EMA offering dynamic support around mentioned 1.6430. A clear break below this last should favor a downward acceleration, pointing for upcoming week, to a test of 1.6250 price zone.


Support levels: 1.6430 1.6380 1.6335


Resistance levels: 1.6490 1.6520 1.6550 



USD/JPY Current price: 102.22


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The USD/JPY faltered to extend gains beyond its 100 SMA in the hourly chart, finally easing from the 102.60 level where it consolidated late Thursday. The short term outlook is bearish, with price holding above the 102.00 figure, but indicators heading lower below their midlines. In the 4 hours chart  the technical picture remains strongly bearish, albeit buyers continue to defend the 101.75 level. Only a clear break below this last should see a stronger downward acceleration, eyeing then the 101.00 price zone.


Support levels: 101.75 101.40 101.10


Resistance levels: 102.40 102.75 103.10



AUD/USD Current price: 0.8704


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The AUD/USD shed over 120 pips already today, finding strong selling interest in the key 0.8820 level. The hourly chart shows price maintains a strong bearish momentum despite indicators stand in negative territory, while in the 4 hours chart the picture is also strongly bearish, pointing for a retest of this year low of 0.8658


Support levels: 0.8690 0.8660 0.8620


Resistance levels: 0.8730 0.8775 0.8820 
















































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