EUR/USD Current price: 1.3595


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The EUR/USD surges to fresh highs above the 1.3600 level, helped by good political news in the EU: the ECB President was far from dovish in his monetary policy speech, and in Italy PM Letta won the confidence vote sending local share markets strongly up. Considering the US government shutdown seems way too far from ending in the upcoming days, the EUR/USD upward momentum will likely extend over current American session. The hourly chart shows price steady near the highs, while indicators head strongly up in positive territory, and price extends well above its 20 SMA. Immediate level to watch is 1.3620 static resistance level, in route to 1.3710 this year high.


Support levels: 1.3570 1.3535 1.3490


Resistance levels: 1.3620 1.3660 1.3710



GBP/USD Current price: 1.6247


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Pound also surged with European news, although the GBP/USD holds below weekly high of 1.6260 posted yesterday. Still the technical outlook is pretty bullish according to the hourly chart, as 20 SMA acted as dynamic support on dips and indicators head north above their midlines. In the 4 hours chart technical readings also favor continued gains, with a break above mentioned high suggesting a probable test of 1.6380 past January high.


Support levels: 16210 1.6180 1.6145 


Resistance levels: 1.6260 1.6300 1.6335



USD/JPY Current price: 97.31


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The USD/JPY accelerated lower, reaching 97.22 and trading a few pips above the level, presenting a strong bearish momentum in the hourly chart that supports further falls for current session. In the 4 hours chart, technical readings also head south in negative territory, while 200 DMA stands around 96.40, offering next big support ahead of 95.80, August low.


Support levels: 97.20 96.80 96.40


Resistance levels: 98.00 98.40 98.80



AUD/USD Current price: 0.9354


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Australian dollar sees little progress against the dollar, as bad Australian data along with falling stocks keeps the pressure to the downside in the pair. The hourly chart shows 20 SMA with a strong bearish slope above current price, in the 0.9370 price zone, while indicators head south below their midlines, supporting a downward continuation. In the 4 hours chart, technical readings are neutral, as 20 SMA stands flat around current price and indicators near their midlines. Despite the negative tone, further technical signs are required to confirm the slide, mostly with a break below 0.9280 static support.


Support levels: 0.9335 0.9280 0.9240  


Resistance levels:  0.9370 0.9410 0.9450















































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