EUR/USD Current price: 1.3657


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Dollar edges slightly higher against its rivals in the American afternoon, as market players get ready for tomorrow’s FED economic policy decision. The Central Bank is expected to cut again its facility programs for $10B despite past December macroeconomic data has been pretty disappointing: FED officers however, blame it on the bad weather, diminishing chances of an on hold stance. 


As for the short term, the EUR/USD hourly chart presents a slightly negative tone, with indicators heading south below their midlines and price below an also bearish 20 SMA. In the 4 hours chart, price failed to overcome 20 SMA in its latest recovery, while indicators hold in negative territory keeping the upside limited. A break below 200 EMA around 1.3630, should trigger some downward continuation albeit choppy trading will likely prevail ahead of the FOMC meeting.


Support levels: 1.3630 1.3585 1.3550


Resistance levels: 1.3710 1.3745 1.3790



EUR/JPY Current price: 140.57


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Yen weakness outstood this Tuesday, helping EUR/JPY recover ground even against the EUR. The hourly chart however shows price being capped by a bearish 100 SMA currently around 140.90, while momentum stands flat around its midline, showing no actual strength. In the 4 hours chart indicators head north and about to cross their midlines to the upside, while moving averages hold above current price, keeping the upside limited. The pair needs to clearly recover above the 141.40/50 area to shake off the negative tone.


Support levels: 140.10 139.70 139.20 


Resistance levels: 140.90 141.45 142.00



GBP/USD Current price: 1.6569


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The GBP/USD moved back and forth all though the day, finally giving up on the 1.6600 level. The hourly chart shows price below a flat 20 SMA and indicators entering negative territory, albeit there’s no clear momentum at the time being. In the 4 hours chart a slightly negative tone prevails, with a break below 1.6530 area pointing for a slide towards 1.6450 as next big stop. 


Support levels: 1.6530 1.6490 1.6450


Resistance levels: 1.6610 1.6535 1.6560 



USD/JPY Current price: 102.90


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The USD/JPY pressures the 103.00 level, still limited below a bearish 100 SMA in the hourly char, now offering dynamic resistance around the 103.10 level. In the same time frame however, momentum heads slightly higher in positive territory, while in the 4 hours chart a slightly positive tone comes from indicators that head higher and enter positive territory. Nevertheless, the general tone is bearish, albeit another $10B cut in QE will probably send the pair higher this Wednesday.


Support levels: 102.40 101.90 101.60


Resistance levels: 103.10 103.50 103.90



AUD/USD Current price: 0.8769


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As commented earlier, the AUD/USD recovery stalled at 0.8820, key resistance level, and remained under pressure for most of this last session of the day. The hourly chart shows price below a slightly bullish 20 SMA while indicators head lower entering negative territory. In the 4 hours chart technical readings maintain a positive tone, yet only above mentioned level, the pair will be able to extend gains eyeing 0.8880/90 price zone.


Support levels: 0.8750 0.8720 0.8690


Resistance levels: 0.8820 0.8850 0.8885















































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