EUR/USD Current price: 1.3206
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Dollar stands victorious across the board, after both the FED on Wednesday and the ECB on Thursday completed their economic policy meetings. Ahead of the latest big event of the week, US employment figures in the upcoming US session, the greenback stands strong across the board, with the EUR/USD trading a few pips above its weekly low of 1.3192. The hourly chart shows an increasing bearish potential as 20 SMA heads south above current price while indicators head lower in negative territory. In the 4 hours chart technical readings are also bearish, suggesting some downside risk for current Asian session, although limited ahead of tomorrow’s’ data.
Support levels: 1.3190 1.3140 1.3110
Resistance levels: 1.3225 1.3260 1.3295
EUR/JPY Current price: 131.40
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The EUR/JPY extends its advance despite EUR weakness, as yen has been under strong pressure for the last 24 hours. Improved US data has helped keep yen crosses bid, with the EUR/JPY trading at fresh 4 days high around 131.50. The hourly chart price well above 100 and 200 SMA, while indicators continue to head higher despite in overbought levels. In bigger time frames technical readings are also bullish, with 132.00 as immediate target. A break above after US data could be the beginning of a stronger bullish trend towards 135.00 over the upcoming days.
Support levels: 131.00 130.50 130.00
Resistance levels: 131.45 132.00 132.6
GBP/USD Current price: 1.5115
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Trading at fresh weekly lows, the GBP/USD saw some demand early Europe, following positive UK PMI reading, but finally gave up on dollar strength. The hourly chart maintains a bearish tone entering Asian session, while the 4 hours one shows also a negative tone coming from technical readings. Further below 200 EMA currently around 1.5265, the bears remain in control and unless and outstandingly negative payroll number tomorrow, the pair will likely continue falling all over next week.
Support levels: 1.5110 1.5070 1.5020
Resistance levels: 1.5160 1.5200 1.5230
USD/JPY Current price: 99.54
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The USD/JPY recovered big this Thursday, approaching again the 100.00 area, following strong gains in stocks and S&P at record highs. Looking overbought in the hourly chart, the pair has surged back above its moving averages, both in the 1 hour and the daily chart, which reflects bull remain in control. Some further gains should be expecting in current session, as local share markets will likely follow their overseas pairs. Still whether the pair will be able or not to breach the 100.00 level again, will have to wait until upcoming US session.
Support levels: 99.20 98.80 98.45
Resistance levels: 99.80 100.00 100.40
AUD/USD Current price: 0.8922
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The AUD/USD not only was unable to recover the 0.9000 mark, but tested 0.8905, maintaining the bearish trend in the short term. The hourly hart shows indicators heading south below their midlines, and 20 SMA above current price offering dynamic resistance. In the 4 hours chart indicators head also lower in oversold territory, which reflects the strong selling interest around the pair. A weekly close below 0.8900, should set the path for further declines eyeing then 0.86 area.
Support levels: 0.8900 0.8870 0.8835
Resistance levels: 0.8960 0.9010 0.9030
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EUR/USD: Dollar 2 – Euro 0
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