EUR/USD Current price: 1.3492


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European PMIs surpassed expectations, exception made by Italian one, albeit they were not enough to boost the EUR: the common currency trades stuck around 1.3500 against the greenback, barely 20 pips away from this year low. Ahead of US opening, the bearish tone prevails in the pair, with the hourly chart showing price pressuring a flat 20 SMA and indicators heading south around their midlines. In the 4 hours chart indicators aim slightly higher in oversold levels, albeit price action does little to support an upward corrective movement: 1.3470 is still the key support to break to confirm another leg lower, eyeing the 1.3400 figure for today.


Support levels: 1.3470 1.3440 1.3400


Resistance levels: 1.3520 1.3550 1.3590 



GBP/USD Current price: 1.6340


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Pound fell to fresh 2-month lows of 1.6322 against the greenback following worse than expected manufacturing data in the UK, maintaining a negative tone according to the hourly chart: price stands well below a strongly bearish 20 SMA while momentum continues heading lower despite RSI shows signs of being oversold. In the 4 hours chart, price broke below its 200 EMA now around 1.6430 offering dynamic resistance, while indicators maintain the bearish tone. Price needs however to breach the 1.6300 figure to be able to extend its slide today.


Support levels: 1.6300 1.6250 1.6210


Resistance levels: 1.6370 1.6400 1.6430



USD/JPY Current price: 101.78


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The USD/JPY trades near its daily low of 101.66, clearly bearish according to the hourly chart as per price developing below its moving averages, and indicators heading lower in negative territory. The 4 hours chart also presents a strong bearish tone, albeit 101.60/70 area presents several intraday highs and lows which suggest buyers are defending the level. Nevertheless, the downside continues to be favored, as long as recovery attempts remain capped by 102.40 price zone.


Support levels: 101.65 101.40 101.10


Resistance levels: 102.00 102.40 102.75 



AUD/USD Current price: 0.8802


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Australian dollar gained adepts with the weekly opening, following news the RBA will likely halt its dovish stance and keep rates on hold later this week. Technically, the AUD/USD hourly chart maintains a clear positive tone, with price pressuring the daily high and well above a bullish 20 SMA, while indicators head higher above their midlines. The pair however, still has to face the strong barrier around 0.8820, and only steady gains beyond it may see further advances in the upcoming days.


Support levels: 0.8775 0.8730 0.8690 


Resistance levels: 0.8820 0.8860 0.8900
















































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