With US markets closed on Thanksgiving and some limited good news in Europe, stocks are slightly higher today, with risk aversion easing somehow. Still the EUR/USD attempts of recovery had remained capped below 1.3410 static resistance area, and the pair trades in a limited range finding support in the hourly 20 SMA. Indicators in the mentioned time frame are heading south just above their midlines giving no much of a clue for the upcoming hours, while the 4 hours chart shows the bearish trend pretty much intact, supporting limited bullish corrections ahead of stronger slides.
Support levels: 1.3330 1.3290
Resistance levels: 1.3410 1.3450 1.3485
The GBP/USD holds recent sessions bearish tone, yet as the EUR/USD, trades in a limited range with hourly indicators around their midlines and price struggling around a flat 20 SMA, lacking short term direction. Attempts of recovery found resistance at the 1.5660 price zone, immediate resistance for the upcoming hours. In the 4 hours chart, indicators are heading back south well below their midlines after correcting extreme oversold readings, supporting more dollar gains against the UK currency.
Support levels: 1.5515 1.5470 1.5425
Resistance levels: 1.5660 1.5610 1.5635 1.5660
The USD/JPY erased most of its recent gains, and trades back below 77.10 static Fibonacci resistance area, with hourly chart showing an increasing bearish momentum as per indicators heading south below their midlines and 20 SMA gaining bearish slope. Bigger time frames show indicators mostly flat around their midlines which points for further range trade.
Support levels: 76.80 76.50 76.20
Resistance levels: 77.10 77.45 77.70
Gaining ground after reaching a daily low of 0.9152, the USD/CHF hourly chart shows indicators aiming higher below their midlines and price below 20 SMA, yet accelerating higher: daily high around 0.9300 comes as immediate resistance ahead of 0.9230 price zone. In the 4 hours chart, the bullish trend holds despite the limited daily range seen lately, favoring the upside, and buying on deeps midterm talking.
Support levels: 0.9150 0.9115 0.9070
Resistance levels: 0.9200 0.9235 0.9270
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