Analysis and forecasts

EURUSD

The corrective cycle to as low as 1.3805 seem over and the euro returned on the upside zone, trying to breach above the 1.4100 mark at the time of this writing. Positive momentum regained strength on yesterday's 250 points climb. Intra-day support is now formed at 1.4050/60 backed by 1.4000 and 1.3950/60. Upside barriers are emerging at 1.4135 - 61.8% of 1.4340-1.3805 and 1.4175/00. More notable barrier is set by the recent top side at 1.4340. Current quote is 1.4095 @06:15 GMT

Support levels: 1.4050/60, 1.4000 and 1.3950/60
Resistance levels: 1.4135/50, 1.4175/00, 1.4250 and 1.4340
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish

Yesterday recommended trade: short at 1.4035, initial stop at 1.4085, objective at 1.3965. Adjust stop to breakeven on +30 pips (at 1.4005) if reached : 0 (closed at breakeven)

AUDUSD

The Aussie dollar is approaching the minor resistance at ..8120 - the single one which stands in between until the recent top at .8260, therefore a breach above .8120 will most likely open .8260 for a test within the upcoming sessions. Both daily and hourly studies are bullish and the upside is favored as long as the support levels at .7990/00 and .7900 are intact. Current quote is .8078 @06:15 GMT

Support levels: .8050, .7990/00 and .7900
Resistance levels: .8120, .8200 and .8260
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish

Yesterday recommended trade: long at .7765, initial stop at .7715, objective at .7825. Adjust stop to breakeven on +30 pips (at .7795) if reached : 0 (entry not reached)

EURCHF

Flat movement continues as the pair keeps trading into an extended "holiday range", establishing a fresh multi-week low daily range on yesterday - 35 points. Current quote is 1.5169 @06:15 GMT

Support levels: 1.5145/50, 1.5100/10, 1.5050 and 1.5000/10
Resistance levels: 1.5225/30, 1.5300 and 1.5350
Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral

Yesterday recommended trade: stand aside