EUR/USD Current price: 1.3513


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The EUR/USD managed to advance some this Tuesday, posting a higher high for the week at 1.3537, albeit condemned to a tight 70 pips range since the week started, with investors probably awaiting news from the ECB and US employment figures later this week. Seems since mid 2013, all has been expectations when it comes to EUR/USD rather than action; but the last thing to lose its’ hope, so maybe this time, a clearer trend my surge. In the meantime, the hourly chart maintains a pretty neutral stance as said on previous updates, with indicators flat around their midlines, giving not much clues on direction. In the 4 hours chart price pressures a still bearish 20 SMA, while indicators stand flat in neutral territory, while latest candles present long shadows up and down, reflecting the lack of the definitions in the pair. Recoveries above 1.3550 should favor another leg higher, eyeing then the 1.3600 price zone. 


Support levels: 1.3505 1.3470 1.3440 


Resistance levels: 1.3520 1.3550 1.3590 



EUR/JPY Current price: 137.27


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Yen crosses bounced from lower lows, with the Japanese currency giving up some of its recent gains amid stocks recovering ground. Following the steep drop of Monday, US indexes are intraday positive, still well below weekly opening levels. Nevertheless, risk aversion took a pause and the EUR/JPY trades above 137.00, after nearing the 136.00 figure past Asian session. The hourly chart shows price however, well below its 100 SMA, providing now dynamic resistance around 138.10, as indicators lose upward potential still in positive territory. As for the 4 hours chart indicators aim higher, still in corrective move after reaching oversold levels early week; former lows around 137.50 stand as immediate resistance, and  once above the recovery could extend up to mentioned 138.10 price zone. 


Support levels: 137.00 136.60 136.10 


Resistance levels: 137.50 138.10 138.60



GBP/USD Current price: 1.6323


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The GBP/USD finally regained the 1.6300 in the US afternoon, backed up by positive UK data and easing fears among investors. The hourly chart shows a slightly positive tone, with price above a flat 20 SMA, and indicators heading higher above their midlines, while the 4 hours chart shows technical indicators heading higher still in negative territory and barely surging from oversold readings. In this last time frame, 20 SMA maintains a strong bearish slope around 1.6385, while 200 EMA slowly turns south currently around 1.6430. 


Support levels: 1.6250 1.6210 1.6175


Resistance levels: 1.6340 1.6385 1.6430



USD/JPY Current price: 101.54


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The USD/JPY traded as high as 101.61 after bottoming at 100.74, finding some temporal relief after a couple of rough weeks. The hourly chart shows indicators in positive territory but turning lower, while moving averages stand above current price maintaining a strong bearish slope: 100 SMA provides resistance in the 102.00 area, and sellers may surge on approaches to the level. In the 4 hours chart indicators continue heading higher below their midlines, in correction mode. Levels to watch are 101.60 and 101.10, as a break of any of those extremes should provide some short term momentum either side of the board.


Support levels: 101.10 100.60 100.20


Resistance levels: 101.60 102.00 102.40



AUD/USD Current price: 0.8930


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Aussie is the overall winner this Tuesday, having added near 200 pips on a more optimistic RBA: the AUD/USD trades at its highest level in 3 weeks, with the hourly chart showing price holding near its daily high of 0.8940 despite momentum corrected a good part of its overbought conditions. 20 SMA presents a strong bullish slope below current price, reflecting the prevailing bullish momentum. In the 4 hours chart price advances above its 200 EMA, as indicators maintain the upward tone seen early today, supporting further gains ahead with immediate resistance now in the 0.8950 areas.


Support levels: 0.8910 0.8880 0.8845 


Resistance levels: 0.8950 0.8990 0.9025
















































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