The Euro continues to be a big disappointment for market players, after UniCredit bank posted a massive 10.6B lose against the 7.5B profit expected by market. UniCredit is an Italy-based, pan-European banking organization, with aprox. 40 million customers and operations in 22 countries. Stocks are strongly down in Europe, helping EUR/USD to extend losses to current daily low. Hourly chart shows a strong bearish momentum, while the same picture repeats in the 4 hours chart, after the pair was unable to break above the 200 EMA past Asian session. Immediate support comes at 1.3610 area, followed by 1.3565, 61.8% retracement of the 1.3145/1.4246 daily run.
Support levels: 1.3610 1.3565 1.3520
Resistance levels: 1.3650 1.3690 1.3720
Pound is being weighted by market sentiment dropping against the greenback towards the 1.5900 current zone. Hourly chart shows an increased bearish potential while indicators head south below their midlines, while price approached to mentioned static support zone. Clear break below this last may trigger a bearish continuation rally over the upcoming US session, with 1.5810 area now at sight.
Support levels: 1.5900 1.5850 1.5810
Resistance levels: 1.5945 1.5980 1.6125
The pair finally broke below the 61.8% retracement of the post intervention bullish run around 77.10 and immediate resistance, resuming its long term bearish trend. Despite investors remain wary to sell the USD/JPY, the bias remains clearly bearish as per price below 20 SMA and indicators heading south below their midlines. 4 hours chart shows a quite similar picture, supporting a test of the strong 76.50 support zone over the upcoming sessions.
Support levels: 76.80 76.50 76.20
Resistance levels: 77.10 77.45 77.70
Steady above 0.9000, the USD/CHF shows a clear bullish tone in the hourly chart, but holding below 0.9080 strong static resistance area that has kept the upside limited for the past few days. 4 hours chart shows price aiming to break above 20 SMA while indicators show no bullish sign yet. Price needs to overcome mentioned resistance level and consolidate above it, to attempt a retest of past week high round 0.9160.
Support levels: 0.9030 0.8990 0.8940
Resistance levels: 0.9080 0.9120 0.9160
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