The EUR/USD slide extended today to 1.3511, from where the pair bounced towards 1.3565, 61.8% retracement of the daily bullish run from 1.3145 to 1.4246. Contained below the Fibonacci level, hourly chart shows momentum heading lower while RSI turned flat below 30, and 20 SMA heads south above current price. In the 4 hours chart, the bearish momentum is also increasing despite recent consolidative range seen in smaller time frames, suggesting a retest if not a break of the 1.3480 low set past week for today.
Support levels: 1.3510 1.3480 1.3450
Resistance levels: 1.3565 1.3600 1.3645
Pound also continued its losing strike against dollar, reaching 1.5825 4-week low, before finding some limited buying interest. The hourly chart shows price failure attempt to break above a still bearish 20 SMA leading to mentioned low, now acting as dynamic resistance around 1.5890. Indicators head south below their midlines, while the 4 hours chart has also a clear bearish tone, that would help keep the upside limited.
Support levels: 1.5850 1.5810 1.5770
Resistance levels: 1.5990 1.6125 1.6160
The USD/JPY consolidates again below the 77.10 strong Fibonacci level, holding the bearish tone seen since early this week. Hourly chart shows 20 SMA below the Fibonacci level making attempts to the upside harder, while indicators remain below their midlines. 4 hours chart, despite bearish remains mostly flat, lacking definitions for the upcoming hours.
Support levels: 76.80 76.50 76.20
Resistance levels: 77.10 77.45 77.70
Bullish momentum in the USD7CHF extended to 0.9180 level today, where extreme overbought conditions had trigger a still limited bearish corrective movement. Indicators in the hourly chart are turning flat while price holds above a strongly bullish 20 SMA which suggest slides will remain limited, with the pair still targeting in bigger time frames 0.9310 area, past October monthly high.
Support levels: 0.9115 0.9075 0.9030
Resistance levels: 0.9180 0.9220 0.9255
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