The EUR/USD lost ground this Monday, and approaches US opening just below the 61.8% retracement of the 1.4548/1.3145 at 1.4010. The bearish tone is quite weak right now in this hourly chart, as per indicators turning flat near oversold extremes. 20 SMA however holds a strong bearish slope above current price, while 4 hours chart shows an increasing bearish potential as per indicators approaching their midlines with a nice angle. Lose of 1.3970 would likely confirm further slides today.
Support levels: 1.3970 1.3930 1.3885
Resistance levels: 1.4010 1.4040 1.4080
Despite deepening to a daily low at 1.5964, the Pound resists pretty well the onslaught of risk aversion, and is slowly regaining the upside. Hourly chart shows indicators heading north still below their midlines, while price approaches to a still bearish 20 SMA around 1.6060 immediate resistance zone. If above, recovery may extend above 1.6100 over the upcoming sessions, as 4 hours chart shows momentum bouncing back higher after testing its midline early Asian session.
Support levels: 1.6000 1.5960 1.5920
Resistance levels: 1.6060 1.6095 1.6130
The USD/JPY soared to 79.52 after BOJ intervention, giving up some ground ever since in correction move. Struggling around the 38.2% retracement of the post intervention rally, the hourly chart shows indicators aiming back higher while 20 SMA holds its bullish slope, supporting the bullish bias. Daily chart shows price also above 100 DMA around 77.90 immediate support; a daily close above this last should support further gains in the pair for the upcoming days.
Support levels: 77.70 77.45 77.20
Resistance levels: 78.20 78.60 79.00
Dollar gains across the board had favored a recovery in USD/CHF that soared to 0.8740 price zone before halting its run. Currently consolidating in a tight range around the 38.2% of post EURO/CHF peg, hourly chart has a quite limited bullish tone, as per price holding above 20 SMA yet indicators turning flat. Only above mentioned high the pair may attempt more gains today.
Support levels: 0.8675 0.8645 0.8620
Resistance levels: 0.8740 0.8770 0.8810
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