EUR/USD Current price: 1.3249


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The EUR/USD trades with a slightly negative tone this Monday, having again been rejected from the 1.3300 price zone. Early in the European morning, local services PMIs show signs of improvement, although remained below 50, the line that divides growth from recession, not enough to convince investors the EUR/USD is ready to break above the key level. Ahead of US opening, the hourly chart shows price near its low, with indicators in negative territory and 20 SMA gaining bearish slope above current price. In the 4 hours chart the neutral stance prevails, giving no clues on direction at the time being. Expect buyers to surge on approaches to 1.3200 area.



Support levels: 1.3220 1.3180 1.3140



Resistance levels: 1.3295 1.3340 1.3385



GBP/USD Current price: 1.5341


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Pound maintains the lead, having surged against the greenback up to 1.5377 on the back of improved data in the UK. The GBP is these days, the strongest currency of the board, and the hourly chart shows latest downward correction limited well above its 20 SMA while indicators stand in positive territory after correcting overbought readings. In the 4 hours chart the momentum remains strongly up, supporting more gains once above the daily high towards the 1.5420/40 price zone.



Support levels: 1.5310 15280 1.5250 



Resistance levels: 1.5350 1.5385 1.5420



USD/JPY Current price: 98.60


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Yen stands strong against most rivals, with the USD/JPY back under pressure and near its daily low of 98.26. The hourly chart shows price struggling around its 100 SMA while indicators stand in negative territory; 200 SMA caps the upside around 98.80, while bigger time frames present a bearish tone that supports further falls ahead. 



Support levels:  98.25 97.90 97.60



Resistance levels: 98.80 99.20 99.50 



AUD/USD Current price: 0.8893


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The AUD/USD presents a quite neutral stance in the short term, as the pair consolidates in between 0.8846 its daily low, and the 0.8918 level. However, the bearish trend prevails as bigger time frames show indicators heading south after correcting extreme oversold readings. As said over previous updates, spikes higher are seen by investors as selling opportunities up to the 0.9000 figure.



Support levels: 0.8870 0.8835 0.8800



Resistance levels:  0.8950 0.9090 0.9035















































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