Source: Visual Chart
EUR/USD buyers run to the exits after Greek PM called for a referendum on Euro membership. After the sharp sell--off, a short-lived rally topping at 1.3800/10 may be seen, however the technical picture is very negative for the Euro, as the recent liquidation of long positions has breached important support levels, suggesting a retest of 1.3610 and a break lower may be imminent. A close above 1.3840, July swing low, would shift the focus to the upside.
Support levels: 1.3660 1.3620 1.3590
Resistance levels: 1.3710 1.3750 1.3785
Source: Visual Chart
Uptrend is no longer valid after price failed to hold the 200 day MA. Selling on bounces toward psychological level at 1.6000 is favoured, initially targeting 1.5890, yesterday's low, followed by 1.5850 Oct 18 high, and then 1.5715, Oct 14 low. A close above yesterdays highs (1.6093) would negate the bearish view.
Support levels: 1.5930 1.5890 1.5850
Resistance levels: 1.5960 1.5990 1.6020
Source: Visual Chart
The 77.86 continues to be a major level of support for the pair, the 100-day moving average comes at this level, as well as Sept high.The key bullish engulfing reversal on the monthly chart, a very rare event that is seen as a very bullish signal, buoys the Yen from any major appreciation s/t talking. BoJ has been two days on the sidelines, without any reported intervention, although they may pull the trigger at any time, with the catalyst being a break of 77.80/85. On the upside, 80.00 should limit gains in case of BoJ stepping in.
Support levels: 78.10 77.90 77.65
Resistance levels: 78.60 79.00 79.45
Source: Visual Chart
Fresh bullish run in the USD/CHF shifts focus to the upside, potentially targeting 0.9300, Oct swing high. The price held above the 200-day MA, reinforcing the bullish stance. The pair needs a close above 0.8900 in lower timeframes before eyeing psychological level at 0.9000. Buy dips back is the way to go as long as price does not penetrate the 200 day MA.
Support levels: 0.8860 0.8800 0.8730
Resistance levels: 0.8900 0.8950 0.9000
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