EUR/USD Current price: 1.3288


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The EUR/USD trades at its lowest level in 3 days having erased a good chunk of its latest gains, and trading below the 1.3300 mark. With little headlines to drive market, renewed talk on US QE tapering in September keeps stocks in red and dollar in green today. The pair trades below the 50% retracement of its latest bullish run, with the hourly chart showing a strong bearish momentum, RSI flat in oversold territory, and 20 SMA gaining bearish slope well above current price, which suggests there’s more room for falls. In the 4 hours chart technical readings also support the downside, with buyers waiting around 1.3240, next strong static support level.



Support levels:  1.3275 1.3240 1.3200



Resistance levels: 1.3310 1.3340 1.3385



GBP/USD Current price: 1.5475


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Despite lower, the GBP/USD fairly holds near the 1.5500 area, with little sellers around according to the hourly chart, that shows price in a tight range right below its 20 SMA and indicators lacking momentum although in negative territory. In the 4 hours chart indicators are flat around their midlines, while price develops below a still bullish 20 SMA. Overall, the upside remains favored this week, although intraday, the pair may ease further if the daily low around 1.5460 gives up, with scope to test 1.5390 Fibonacci support, before buying interest resumes. 



Support levels: 1.5460 1.5420 1.5390



Resistance levels: 1.5520 1.5550 1.5600 



USD/JPY Current price: 96.65


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The USD/JPY attempt to recovery failed so far at the 61.8% retracement of its latest daily bullish run towards 100.00, a few pips above current price, in the 96.80 area. The hourly chart shows 100 SMA converging with the Fibonacci level and reinforcing the resistance, while indicators stand flat in positive territory. Bigger time frames show price ranging below mentioned resistance zone, with a bottom so far around 95.80, key support for the upcoming hours, as a price acceleration below it should see further slides towards the 95.30 area.



Support levels: 96.20 95.70 95.30



Resistance levels: 96.80 97.20 97.60



AUD/USD Current price: 0.9169


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Australian dollar maintains its latest strength against the greenback, recovering from a daily low of 0.9130 posted in the European morning. The hourly chart however, presents a pretty neutral stance, with indicators around their midlines and 20 SMA flat right above current price. In the 4 hours chart indicators corrected the extreme overbought readings reached last week, and hold in positive territory while price develops above a strongly bullish 20 SMA. Falls down to 0.9100 will likely remain corrective, as only below 0.9070 the pair has chances of resuming the bearish trend that ruled the pair for most of the past months.



Support levels: 0.9130 0.9100 0.9070 



Resistance levels: 0.9170 0.9210 0.9260















































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