EUR/USD Current price: 1.3616


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The EUR/USD surged pass 1.3600 after the ECB president maintained the economic policy unchanged, recognized the current situation, but showed no concerns on deflationary pressures. The hawkish tone, along with disappointing US Trade Balance readings boosted the pair, now consolidating near its daily highs. The technical picture has turned strongly bullish at least in the short term, albeit considering the pair added near 140 pips in the last 2 hours, further gains should remain limited, moreover ahead of tomorrow US employment data. Immediate support stands at 1.3590, ahead of 1.3550 but dips down to this last seem not likely right now, as buyers will likely surge on approaches to the first. 


Support levels: 1-3590 1.3550 1.3510 


Resistance levels: 1.3630 1.3660 1.3710 



GBP/USD Current price: 1.6322


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Pound presents some shy advances against the greenback, with the pair still capped below 1.6340 this week high and mostly range bound. The BOE left its economic policy unchanged, giving no clues on upcoming movements of forward guidance. Technically, the hourly chart maintains a slightly negative tone as per indicators holding below their midlines and price hovering around its 20 SMA. In the 4 hours chart indicators stand flat around their midlines, while price attempts to advance above 20 SMA. Steady gains above 1.6340 however are required to see some upward acceleration towards 1.6410 price zone.


Support levels: 1.6290 1.6250 1.6210 


Resistance levels: 1.6340 1.6385 1.6430



USD/JPY Current price: 101.61


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The USD/JPY pressures recent highs in the 101.60 area amid rising stocks: bad US news had gave traders some temporal relief, although the whole picture can change again tomorrow. Nevertheless, the pair is still being capped by a bearish 100 SMA in the hourly chart, while indicators head lower in negative territory, showing no actual bullish strength. In bigger time frames, some hope from bulls surge as price bounced from 100 DMA, in the 100.70 price zone. A firmer advance above 101.80 area is what it takes to see the pair gaining more ground today.


Support levels: 101.10 100.60 100.20


Resistance levels: 101.80 102.10 102.40

















































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