EUR/USD: US data halts dollar run

EUR/USD Current price: 1.3673

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The EUR/USD fell to a fresh 2 week low of 1.3642 in the European session, weighted mostly by risk aversion, as conflict in Russia and Ukraine continues to scale. But US disappointing data has halted safe havens run, as both Durable Orders and unemployment claims missed expectations. Ahead of US opening, the hourly chart shows price now being capped by a bearish 20 SMA around 1.3680 immediate resistance, as indicators remain in negative territory, having already corrected oversold conditions. In the 4 hours chart technical readings maintain a negative tone, albeit price bounced back above its 200 EMA, battling around it. European indexes trade in red, and if US ones follow their counterparts, there’s little room for EUR gains despite data today.

Support levels: 1.3650 1.3615 1.3580

Resistance levels: 1.3695 1.3730 1.3770 

GBP/USD Current price: 1.6662

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The GBP/USD trades in a pretty well contained range, in between Fibonacci levels, with the hourly chart showing not much definition as indicators remain in neutral territory, with price now struggling to overcome a flat 20 SMA. In the 4 hours chart continued ranging has also left indicators neutral with a break above 1.6720 or below 1.6590 required to set a direction.

Support levels:  1.6610 1.6580 1.6550

Resistance levels: 1.6690 1.6745 1.6790 

USD/JPY Current price: 102.11

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The USD/JPY sunk to 101.71 on risk aversion, where 100 DMA acted as dynamic intraday support, now recovering above the 102.00 mark. The hourly chart shows indicators still aiming higher in negative territory after correcting oversold readings, while price stands well below moving averages, unable to firm up above yesterday’s low. In the 4 hours chart technical readings maintain a negative tone, that favor another test of mentioned daily low as long as 102.40 caps the upside.

Support levels: 102.00 101.70 101.35 

Resistance levels: 102.40 102.80 103.20 

AUD/USD Current price: 0.8935

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Australian dollar extended its fall against the greenback, maintaining the negative bias as per the hourly chart showing price capped below 20 SMA and indicators holding in negative territory. However the pair, found buyers around 0.8900, again bouncing from a round figure. Nevertheless, the downside continues to be favored, as the 4 hours chart also presents a bearish tone, with key 0.8820 static support now at sight.

Support levels: 0.8900 0.8870 0.8820

Resistance levels: 0.8940 0.8990 0.9020 

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EUR/USD: US data halts dollar run