EUR/USD: another choppy undefined day

EUR/USD Current price: 1.3744

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When the EUR/USD will be able to left its range, is maybe the most asked question these days, with the pair stubbornly reluctant to advance despite trading above the 1.3700 level. With buyers waiting around 1.3680/1.3700 and sellers for now aligned at the 1.3770 area, the hourly chart shows price developing inside an ascendant triangle, stuck right in the middle ahead of Asian opening, and with technical studies still neutral. In the 4 hours chart a slightly bullish tone prevails, albeit a break of the top of the figure is required to confirm a new leg higher.

Support levels: 1.3720 1.3680 1.3650 

Resistance levels: 1.3770 1.3820 1.3850

EUR/JPY Current price: 140.34

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Yen strengthened against most rivals, with the EUR/JPY unable to recover the lost ground after testing 140.11 in the US session. The hourly chart shows price capped below 100 SMA, now acting as dynamic resistance around 140.60, while indicators head lower below their midlines. In the 4 hours chart the pair presents a slightly negative tone, with the downside now favored towards the 139.20 price zone.

Support levels: 140.20 139.85 139.20

Resistance levels: 141.20 141.70 142.30

GBP/USD Current price: 1.6681

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The GBP/USD traded back and forth around the 23.6% retracement of its latest daily bullish run, ending with gains for second day in a row despite failing to hold above the 1.6700 mark. The hourly chart shows price struggling around a bullish 20 SMA, while indicators turn south approaching their midlines. In the 4 hours chart the upward potential is quite limited, as indicators barely hold above their midlines and price above a flat 20 SMA, suggesting not enough buying interest at the time being. The low of the US session was 1.6640, so risk to the downside will surge on a break lower, while 1.6745 is key resistance in case of advances.

Support levels:  1.6640 1.6590 1.6550

Resistance levels: 1.6690 1.6745 1.6790 

USD/JPY Current price: 102.13

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The USD/JPY took one step lower, reaching 101.99 before bouncing some. The hourly chart favors a downward continuation as per price now capped below 200 SMA, currently around 102.20, while indicators head lower in negative territory. In the 4 hours chart the pair also presents a bearish tone, with a break below 101.70 now required to confirm a downward continuation for the upcoming session.

Support levels: 101.70 101.35 101.00

Resistance levels: 102.20 102.80 103.20

AUD/USD Current price: 0.9015

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As commented on previous update, the AUD/USD was mostly affected by Yuan this Tuesday, losing ground albeit finding short term buyers around the 0.9000 figure. Ahead of a new day, the hourly chart presents a mild bearish tone, with indicators heading lower around their midlines and price right below a bearish 20 SMA now offering short term resistance around 0.9030. In the 4 hours chart, technical readings hold in positive territory, but losing past days strength, with a break below 0.8990 signaling a deeper downward movement towards 0.8880 price zone over the upcoming sessions.

Support levels: 0.8990 0.8935 0.8880

Resistance levels: 0.9360 0.9070 0.9100 

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EUR/USD: another choppy undefined day