The EUR/USD extend its corrective movement to 1.3614 today in Europe, as stocks traded positive since early opening. US session however, is seeing local markets losing ground, while gold keeps falling strongly towards $ 1700, favoring dollar recoveries across the board. Hourly chart shows indicators in overbought level, with momentum still heading higher against price, while this last holds above a bullish 20 SMA. In the 4 hours chart, the bullish tone set early today persist as long as the pair stands above 20 SMA, immediate support at 1.3490.
Support levels: 1.3490 1.3450 1.3420
Resistance levels: 1.3550 1.3585 1.3615
Pound retreats quickly from the daily high at 1.5887 set against greenback, turning bearish in the hourly chart, as per price breaking below 20 SM and CCI already below the 0.00 level in a quite vertical break. Momentum still holds above 100 yet heading strongly south as price approaches 1.5770 strong static support zone. Lose of this last should trigger a bearish continuation rally back towards 1.5700 area.
Support levels: 1.5770 1.5730 1.5700
Resistance levels: 1.5820 1.5850 1.5890
Coming back from a fresh low at 76.61, the USD/JPY recovers on dollar strength, finding now resistance in the hourly 20 SMA. Indicators remain below their midlines in the mentioned time frame which should keep the upside limited again by 77.10 strong static resistance zone. In bigger time frames, indicators remain flat although slightly bearish, supporting a limited recovery for the rest of the day
Support levels: 76.50 76.20 76.00
Resistance levels: 76.90 77.10 77.45
The USD/CHF set a daily low at 0.9085 before bouncing strongly up over the last hour, with indicators coming back from extreme oversold levels and pointing for more upward correction. Immediate resistance comes at 20 SMA in the hourly chart around 0.9180 followed then by 0.9235 recent highs. In the 4 hours chart, indicators had lost track as recent strong recovery has not yet been reflected, holding a bearish tone that will be deny once above mentioned 0.9180 area.
Support levels: 0.9140 0.9115 0.9075
Resistance levels: 0.9180 0.9235 0.9260
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