EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Jul 29 08 06:30 GMT |

EURUSD Key resistance into the 1.5750 region remains valid and a sustained break may encourage a rally towards the 1.58 zone. Support starts at 1.5715 backed by 1.5670 and 1.5625/30. Downside risk emerges below intraday support at 1.5670. Daily studies are bearish while 1.5750 is intact and the intraday studies are slightly bearish as well, at the time of this writing. Current quote is 1.5725 @06:20 GMT Support levels: 1.5715, 1.5670, 1.5625/30 and 1.5585 Resistance levels: 1.5750/60, 1.5790 and 1.5825. Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish AUDUSD Resistance at .9590 is on focus now followed by stronger resistance at .9650/60. Support starts at .9555 backed by .9525, .9500 and .9575/80. Daily studies are slightly bearish while hourlies are neutral at the time of this writing. Upside remains favoured while support at .9555 holds. Current quote is .9572 @06:20 GMT Support levels: .9555, .9525, .9500 and .9475/80 Resistance levels: .9590 and .9650. Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish EURCHF The key resistance into the 1.6300 region is back on focus despite the minor retreat to 1.6255 which is the first intraday support now, backed by 1.6225 and 1.6160. A potential break above 1.6300 may open 1.6370. Current quote is 1.6283 @06:20 GMT Support levels: 1.6255, 1.6225 and 1.6160 Resistance levels: 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.