EUR/USD Current price: 1.3306
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The EUR/USD grinded higher today, reading 1.3322 and holding around the 1.3300 as the US session fades. News both side of the Atlantic resulted pretty optimistic this Tuesday, although US economic optimism missing expectations gave the pair support to advance trough the 1.33 figure. FED top officers had been busy also, extending the QE tapering jawboning, but for now, market players seem to ignore them. The EUR/USD hourly chart maintains a positive tone, as indicators head north in positive territory and 20 SMA presents a bullish slope now around 1.3280. In the 4 hours chart technical readings are far from showing upward momentum, still neutral.
Support levels: 1.3290 1.3265 1.3230
Resistance levels: 1.3310 1.3340 1.3385
EUR/JPY Current price: 129.98
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The EUR/JPY had another bearish day, standing right below the 130.00 mark at the time being. The hourly chart shows a clear bearish tone, as indicators head south in negative territory, while price develops below moving averages. In the 4 hours chart technical readings present a stronger bearish momentum, supporting a retest of the lows posted past week around 129.30
Support levels: 129.90 129.30 128.80
Resistance levels: 130.40 130.70 131.35
GBP/USD Current price: 1.5354
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Despite starting the day with strength, Pound finally failed to extend beyond the 1.5400 level, tested early Europe, and spent most of the American session consolidating around current level. The hourly chart shows technical readings turned flat, giving a quite neutral outlook to the pair. In the 4 hours chart however the pair maintains the positive bias, although a clear break above 1.5410 is required to confirm further advances. Investors will likely wait until upcoming European session and BOE’s inflation report to decide whether or not to continue buying Pounds.
Support levels: 1.5320 1.5280 1.5250
Resistance levels: 1.5390 1.5420 1.5460
USD/JPY Current price: 97.72
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The USD/JPY fell down to 97.50 before bouncing some, presenting also a clear bearish path both short and long term. The hourly chart shows indicators heading lower in negative territory, and moving averages currently offering resistance 100 pips above current price. The daily chart shows price accelerating below 100 SMA, currently around 98.60 and key resistance level: as long as below the level, bears will keep control of the pair.
Support levels: 97.50 97.20 98.80
Resistance levels: 98.10 98.60 99.00
AUD/USD Current price: 0.8988
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Australian dollar managed to advance some all though the day, following a not that dovish RBA statement past Asian session. The AUD/USD however faltered around 0.9000, with the hourly chart showing price standing nearby and 20 SMA grinding higher below current price, while indicators head lower still in positive territory, presenting some short term bearish divergences still not confirmed. In the 4 hours chart technical readings hold a bullish tone, supporting a continuation of the upward corrective movement, with 0.9070 as next level to watch.
Support levels: 0.8950 0.8910 0.8870
Resistance levels: 0.9000 0.9035 0.9070
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EUR/USD: dollar eases further





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