EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Jul 25 08 06:49 GMT |

EURUSD The daily close above the 1.5670 mark (50% retracement of the 1.5302-1.6038 move) suggests that a correction towards the mid 1.57 or above is possible today. Support backs 1.5670 at 1.5630 and 1.5585. Resistance starts at 1.5715/20 followed by 1.5755/60 and 1.5810, higher. Daily sentiment is bearish while the hourly studies are slightly bullish at the time of this report. A sustained break above 1.5755 could open 1.5810 and resume uptrend while downside risk emerges below 1.5630 and 1.5585. Upside remains on focus now if intraday support into the 1.5670 zone holds. Current quote is 1.5713 @06:10 GMT Support levels: 1.5670, 1.5630 and 1.5585 Resistance levels: 1.5715, 1.5750/60 and 1.5810. Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish AUDUSD While trendline support at .9560 holds, a rally towards .9665 is possible although it could be corrective in nature. Above .9665 confirms uptrend. Interim resistance is seen at .9635 while support backs .9560 at .9540 and .9480. Short term studies are bearish. Current quote is .9586 @06:10 GMT Support levels: .9560, .9540 and .9480. Resistance levels: .9600, .9636 and .9665. Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish EURCHF The failure to clear the resistance at 1.6300 encourages further downside action if intraday support into the 1.6220 region will break. Minor resistance is seen at 1.6255. Intraday studies are bearish at the time of this report. Current quote is 1.6240 @06:10 GMT Support levels: 1.6220, 1.6200 and 1.6160 Resistance levels: 1.6255, 1.6300 and 1.6375. Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish E-Forex Legal disclaimer and risk disclosure Past performance does not guarantee similar performance in the future. Our forecasts do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any foreign exchange transaction. E-Forex.ro accepts no responsibility or liability whatsoever for any expense. We do not warrant or guarantee the accuracy, timelines or completeness to the service or informations you find here.