Current level - 1.3505

The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated between the 50 and 200 daily SMAs, currently projected at 1.4301  and 1.4020.

The consolidation pattern above 1.3420 is still underway and although the intraday bias is positive above 1.3471, I expect a reversal later today, for a sell-off towards 1.3361. Trigger on the downside is 1.3445.

Key Market Levels

1.3580	1.3660	1.3860	1.3950
1.3445	1.3360	1.3361	1.3145

__________

 Current level - 76.75

The overall downtrend continues to be intact, aiming at new historical lows below 75.95. Technical indicators are still descending and crucial resistance on the daily frame is 80.20.

The downtrend has been renewed with the recent slide below 76.80 and the focus is set at 76.50 support area, where a reversal can be expected, for another upswing towards 78.50. Crucial on the upside is 77.15.

Key Market Levels

77.50	77.90	80.+	81.50
76.50	76.50	75.75	74.20

__________

 Current level - 1.5800

The pair is in a downtrend from 1.6616 high. Technical indicators are descending and trading is situated below the 50- and 200-day SMA, currently projected at 1.6209 and 1.6098.

Current consolidation above 1.5690 is heading for another tight test of 1.5850 major resistance, but while trading takes place below that area I continue to favor a downswing towards 1.5630, en route to 1.5530. The intraday bias is positive with a crucial level at 1.5739.

Key Market Levels

1.5850	1.5980	1.6168	1.6250
1.5740	1.5630	1.5530	1.5270