EUR/USD Current price: 1.3593


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Market was all about the ECB this Thursday, with the Central Bank maintaining its economic policy unchanged. Speculation that Mr. Draghi was ready to act over decelerating inflation proved wrong: the ECB leader acknowledge low inflation readings and left doors open for further easing if needed, giving no specific time  or showing no urgent concerns about it now. Investors run to buy the common currency that added over 120 pips in a couple hours with the news. At the same time in the US, unemployment claims fell while trade balance deficit widened, still generating doubts about the country´s economic recovery. 


The EUR/USD quickly advanced beyond former strong resistance at 1.3550, stabilizing in the 1.3600 lows for most of the US session. Ahead of Asian opening, the pair retraces some with the hourly chart showing indicators flat in overbought levels and 20 SMA grinding higher well below current price. In the 4 hours chart technical readings also present a bullish stance, albeit price remains capped below key midterm resistance, 200 EMA now around 1.3610. With US employment data due Friday, the pair will likely consolidate in range, with steady gains above mentioned level required to confirm more short term gains.


Support levels: 1.3590 1.3550 1.3510 


Resistance levels: 1.3630 1.3660 1.3710 



EUR/JPY Current price: 138.49


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The EUR/JPY was benefited not only by EUR strength, but also by local share markets: US indexes edged higher on hopes improved employment readings for tomorrow. The hourly chart shows price accelerated above its 100 SMA, yet stalled around 200 one, both presenting a clear bearish tone. Indicators seem exhausted to the upside in the short term, pointing for at least some downward corrections in the short term. A candle opening above 138.60, mentioned 200 SMA, should favor another leg higher, particularly if the so expected NFP number surpasses expectations. In the 4 hours chart, technical readings present a strong upward momentum, with dips down to 137.50 still attracting buyers.


Support levels: 138.00 137.50 137.10


Resistance levels: 138.60 139.20 139.80



GBP/USD Current price: 1.6332


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The GBP/USD show little progress this Thursday, advancing up to 1.6347 on general optimism, albeit still unable to clearly break the resistance area. The hourly chart shows indicators heading higher in positive territory, while price develops above a still flat 20 SMA. In the 4 hours chart price stands above a still bearish 20 SMA, while indicators hover around their midlines, reflecting the lack of buying interest in the pair. However, the downside remains contained as long as price holds above key 1.6250 area, with scope to surge beyond 1.64 if 1.6340 resistance is finally broken. 


Support levels: 1.6290 1.6250 1.6210 


Resistance levels: 1.6340 1.6385 1.6430



AUD/USD Current price: 0.8913


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The AUD/USD advanced further, reaching 0.8979 during past Asian session on the back of better than expected trade balance and retail sales in Australia. The pair lost some ground early Europe, yet regained the upside in the American session, finding support in a pretty bullish 20 SMA in the hourly chart, currently around 0.8960. Indicators in the same time frame maintain a neutral stance, while the 4 hours chart shows price above moving averages, yet momentum diverging lower still in positive territory. Overall, bulls remain in control with a price acceleration above 0.8990 suggesting a continued advance beyond 0.90 for this Friday.


Support levels: 0.8910 0.8880 0.8845 


Resistance levels: 0.8940 0.8990 0.9025
















































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