Currency Majors Technical Perspective
International Trading
EUR/USD Current Price: 1.3924
View Live Chart for the EUR/USD
EUR/USD spent most of the European session hovering around the old strong support at 1.3890, the 61.8% retracement of the 1.5140/1.1870 rally. Currently heading higher after a much better than expected TICS’ reading in the US, pair has a slightly bullish tone according to hourly chart, with price above 20 SMA (that holds a strong bearish slope anyway) and indicators heading north, yet below their midlines. Price needs at least to consolidate above 1.3935 to turn intraday bullish, while lose of 1.3880 should signal further falls for today.
Support levels: 1.3880 1.3840 1.3810
Resistance levels: 1.3935 1.3970 1.4010GBP/USD Current Price: 1.5874
View Live Chart for the GBP/USD (Select the currency)
Pound has turned strongly bearish after losing 1.6000 price zone past week, with hourly chart still showing indicators heading south, below their midlines, while 20 SMA contains the upside around 1.5920. 4 hours chart however, is giving some signs of exhaustion to the downside that could keep downside limited. Still, lose of 1.5840 could trigger a bearish run with next strong support around 1.5770 support.
Support levels: 1.5840 1.5810 1.5770
Resistance levels: 1.5920 1.5960 1.6000USD/JPY Current Price: 81.29
View Live Chart for the USD/JPY (select the currency)
Unchanged since last updates, pair holds a tight range with a persistent bearish tone as indicators in the hourly chart hold below their midlines, while 20 SMA acts as dynamic resistance area, limiting the upside for now. Double floor around 80.85 remains valid, with the neckline around 81.65: only above this last, pair could turn intraday bullish, aiming to test the 82.00/20 price zone.
Support levels: 81.10 80.80 80.40
Resistance levels: 81.65 82.00 82.25 USD/CHF: Current Price: 0.9576
View Live Chart for the USD/CHF (select the currency)
Back losing ground, the bearish trend remains intact in the cross, as long as below 0.9700 price zone; a daily close above that level could signal a bullish at least corrective movement, still not seen at this point. Approaching 0.9550 immediate support and daily low, hourly chart holds a bearish tone as per indicators aiming to cross their midlines, and price developing below 20 SMA. Lose of mentioned level will confirm the bias for today.
Support levels: 0.9550 0.9500 0.9460
Resistance levels: 0.9590 0.9620 0.9660
