EUR/USD Current price: 1.3514


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The EUR/USD extended its shy rally up to 1.3554 before the release of a quite disappointing ADP number, missing expectations and with a downward revision of previous numbers. Nevertheless 1.3550 strong static resistance level seems to have been too much for the pair, as price quickly retraced back to its 1.3510 price zone, where it stood for most of the last 3 days.  Seems investors are wary to go nowhere with the pair, ahead of ECB economic decision tomorrow. Technically, the hourly chart shows indicators horizontal around their midlines and price moving back and forth around a flat 20 SMA, while the 4 hours chart shows a similar picture, with candles showing long wicks either side of the board. There’s little to be expected from the pair today, probably confined to this week range until first line news are out later this week.


Support levels: 1.3490 1.3440 1.3500


Resistance levels: 1.3520 1.3550 1.3590 



GBP/USD Current price: 1.6268


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Pound suffered from a worse than expected Services PMI reading in the UK, albeit the number suggest recovery is still healthy. The GBP/USD however, eased back towards key 1.6250 support area, and trades nearby ahead of US opening. The hourly chart shows price accelerated and remains below its 20 SMA while indicators head south in negative territory, supporting further slides, moreover if stocks market return to fear mode. In the 4 hours chart recovery attempts stalled around 20 SMA, while indicators also present a bearish tone, albeit a price acceleration below 1.6250 is required to confirm a new leg lower.


Support levels: 1.6250 1.6210 1.6175


Resistance levels: 1.6340 1.6385 1.6430



USD/JPY Current price: 101.29


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The USD/JPY found again buyers on a test of 100.70 area post ADP numbers, bouncing strongly up, although with the hourly chart still supporting a negative bias, as per indicators deep in red territory, and moving averages well above current price: 100 one is now offering dynamic resistance around 101.80, former low, becoming the immediate resistance to break to confirm a leg higher, quite unlikely at this point. In the 4 hours chart a triple bottom in the mentioned 100.70 price zone is clear, albeit 101.75 is the level to breach to confirm the figure, reinforcing the strength of the mentioned resistance areas. 


Support levels: 101.10 100.60 100.20


Resistance levels: 101.80 102.10 102.40



AUD/USD Current price: 0.8913


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AUD holds to its recent gains against the greenback, still capped below 0.8940 this week high. The hourly chart shows momentum flat around the 100 level after correcting the extreme overbought readings seen yesterday, while price struggles around a flat 20 SMA, still showing no real actual signals. In the 4 hours chart indicators lose upward potential but remain in positive territory, while 200 EMA acts as dynamic support now around 0.8880. Unless below this last, selling interest will remain limited, with a break above mentioned 0.8940 favoring an approach to the 0.90 figure for the upcoming sessions.


Support levels: 0.8910 0.8880 0.8845 


Resistance levels: 0.8940 0.8990 0.9025
















































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