Current level - 1.2620

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
 
As expected, the corrective rebound above 1.2650 was limited below 1.2750 and the downtrend has been renewed, targeting 1.2560 and 1.2475 major support. Important intraday resistance is seen at 1.2679, followed by the crucial 1.2730.

Current level - 84.64

The pair is in a broad consolidation above 84.78 short-term low. Trading is situated below the 50- and 200-day SMA, currently projected at 92.60 and 91.06.

At last, there is a break below 84.70 low and it confirms our negative outlook for 82.50, en route to 79.60. Initial resistance on the upside is 85.09 and crucial is 85.82. With current extremely negative bias here and all the majors downtrending, yen crosses provide good trading opportunities.

Current level - 1.5390

The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4986 and 1.5539.

As expected, yesterday's rise was reversed at 1.5618 and with the break below 1.5550 the consolidation pattern above 1.5460 was confirmed to be completed, so the downtrend has been renewed for 1.5330, en route to 1.5118. Intraday resistance comes at 1.5408, followed by the major area at 1.5460.