EUR/USD Current price: 1.3528


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Market digested pretty well news from the US, as despite dollar ends the day down against most rivals, there have been no fireworks after all. Stocks across the world edged modestly higher on Tuesday, while gold took a nose dive below $1290/oz after India hike imports tariffs on the metal. As for the EUR/USD, the pair advanced to a fresh high of 1.3587, but was unable to sustain gains as per soft European data. Ahead of Asian opening, the hourly chart shows price below a flat 20 SMA and indicators also neutral, right below their midlines. In the 4 hours chart however, bullish tone persists, supporting more gains ahead. Still, Wednesday can be also pretty choppy considering ECB will meet on Thursday to announce their latest economic policy decision. 


Support levels: 1.3490 1.3460 1.3420


Resistance levels: 1.3570 1.3615 1.3660



EUR/JPY Current price: 132.38


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The EUR/JPY sunk to a daily low of 132.31, trading barely above despite Japan PM Abe to avoid yen appreciation: he has not only announced a tax hike, but extra ¥50T in facilities, over the past 24 hours. However, there’s not much buying interest around, as the hourly chart maintains a strong bearish tone, with moving averages having contained early attempts to advance. 4 hours chart also presents a bearish technical stance, which supports further slides on a break below 132.10, Monday low.


Support levels: 132.10 131.55 131.00


Resistance levels: 132.60 133.00 133.40



GBP/USD Current price: 1.6198


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The GBP/USD advanced to fresh highs of 1.6259 on the back of US government shut down, but pulled back lower, consolidating now in the 1.6200 area. The 1 hour chart shows price below its 20 SMA and indicators heading south in negative territory, although price holding above 1.6180, immediate support. In the 4 hours chart indicators retrace from overbought territory, suggesting some downward corrections ahead, despite the overall trend continues to favor the upside: a price acceleration below mentioned support may see the pair easing further, although buyers will likely surge now on approaches to 1.6100 figure.


Support levels: 1.6180 1.6145 1.6100 


Resistance levels: 1.6260 1.6300 1.6335



USD/JPY Current price: 97.80


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Trading near its daily low, the USD/JPY failed to recover the 98.00 level, and continues to be under selling pressure. Hovering around the daily ascendant trend line coming form 93.78, the hourly chart shows price still well below 100 and 200 SMAs, both with clear bearish slopes, while indicators retrace from their midlines, suggesting the pair remains exposed to more falls. In the 4 hours chart technical picture is also bearish, supporting the shorter term view. August low around 95.80 is next probable target if the pair continues to grind lower. 


Support levels: 97.50 97.20 96.80


Resistance levels: 98.40 98.80 99.10



AUD/USD Current price: 0.9390


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Little changed from last update, AUD/USD trades right below the 0.9400 level, overall positive after breaking above the daily descendant trend line during past Asian session. The hourly chart shows price holding above a bullish 20 SMA that acts as dynamic support a few pips below current price, while indicators diverge lower, with momentum approaching the 100 level. In the 4 hours chart readings are neutral: price needs to clear 0.9450 area to confirm renewed buying interest is enough to retest the 0.9520 post FOMC highs. 


Support levels: 0.9370 0.9335 0.9280 


Resistance levels:  0.9410 0.9450 0.9490















































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