EUR/USD Current price: 1.3106

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Draghi was not dovish enough this Thursday, leaving rates unchanged and avoiding announcing any rate moves for next month. Investors took a breath on dollar buying, and the EUR/USD finally broke above 1.3070/80 area, now immediate support. Late US afternoon saw the pair entering a consolidative stage that will likely extend over current Asian session, ahead of US employment data tomorrow. The short term double floor around 1.2965 has been confirmed and as long as price stays above the 1.3070/80 mentioned area, there’s scope for further gains: a  daily descendant trend line comes around 1.3150 today, and will be the level to overcome to call for an interim bottom in the EUR/USD. 

Support levels: 1.3080 1.3050 1.3020

Resistance levels: 1.3120 1.3150 1.3200

EUR/JPY Current price: 124.25

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Japanese yen crosses accelerated higher on positive US data that tip toes a better than expected NFP in the US. Stocks advancing added to the bullish case, with the EUR/JPY firm above the daily descendant trend line coming from 127.70. The hourly chart shows 100 SMA back above 200 one, both well below current price, and aiming higher. Technical indicators ease some in overbought territory, but the pair will likely hold to its gains at least over Asian hours. In bigger time frames, the upside is favored with indicators heading higher in positive territory, with buying interest probably aligned now in the 123.50/60 price zone. 

Support levels: 124.00 123.55 123.90 

Resistance levels: 124.50 125.00 125.45

AUD/USD: Current price: 1.0269

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Australian dollar managed to hold to its gains against the greenback, recovering strongly from the 1.0220 level posted past Asian session, back to test recent highs in the 1.0290 area. While pressure remains to the upside, the pair is unable to clearly breach the 1.0300 mark so far. The hourly chart shows a limited bullish tone with price right above 20 SMA and indicators flat in positive territory; in the 4 hours chart, momentum diverges to the downside still but remains in positive territory. The pair needs to move beyond the 1.0220/0300 range o set a clearer trend with the upside favor as per market positive mood.

Support levels:  1.0250 1.0220 1.0180

Resistance levels: 1.0300 1.0335 1.0360

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