EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Jul 11 08 07:07 GMT |

EURUSD

The upside is on focus once again due to recent rally to 1.5800. Strong resistance is formed into the 1.5795/00 region by an upward trendline and also by the 62% retracement of the 1.5909-1.5611 move. A potential break will confirm the uptrend. On the downside, interim support starts at 1.5760 formed by a previous resistance backed by an upward trendline support around 1.5715 then 1.5680 lower. While maintaining the bid tone, the Euro may advance higher past the 1.5795 resistance and aim towards next barrier at 1.5890/00. Current quote is 1.5771 @06:30 GMT

Support levels: 1.5760, 1.5715 and 1.5680
Resistance levels: 1.5795/00, 1.5835 and 1.5890.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : slightly bullish
AUDUSD

Resistance into the .9625-.9650 zone remains intact and the Aussie is currently losing some ground against the buck, testing bids around the .9600 mark. Daily sentiment is slightly bullish but a break past .9625-.9665 resistance region is needed to confirm the uptrend. Support starts at .9550 backed by .9495. Current quote is .9600 @06:30 GMT

Support levels: .9550, .9535 and .9495
Resistance levels: .9620, .9640 and .9650/66
Market sentiment: long-term : bullish, mid-term : bullish, short-term : slightly bullish
EURCHF

Interim resistance is seen at 1.6245 and a potential break may encourage further gains towards next resistance levels at 1.6270 and 1.6295/00. Support is seen at 1.6213 backed by 1.6190 and 1.6170. Current quote is 1.6235 @06:30 GMT

Support levels: 1.6213, 1.6190 and 1.6170
Resistance levels: 1.6245, 1.6270 and 1.6295/00.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish

E-Forex