EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Aug 05 08 06:47 GMT |

EURUSD

The Euro failed to break the 1.5635 resistance on yesterday and declined, forming an intraday triple top at 1.5525. More important support is eyed into the 1.5465 zone and a test seem possible during the upcoming sessions. On the upside, minor resistance emerges at 1.5580 followed by 1.5635 then 1.5690/00 and 1.5750. Both intraday and daily studies are bearish. Current quote is 1.5535 @06:00 GMT

Support levels: 1.5550/55, 1.5520 and 1.5445/65
Resistance levels: 1.5580, 1.5635, 1.5660/70 and 1.5750.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
AUDUSD

Key support at .9285 has been cleared as the downtrend is very strong. Next support is seen at .9205 backed by .9145/50. In case of a pullback, the resistance at .9285 should limit the upside for now. Both intraday and short term studies are bearish. Current quote is .9230 @06:00 GMT

Support levels: .9205, .9145/50 and .9100.
Resistance levels: .9285, .9340 and .9400.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bearish
EURCHF

Intraday resistance at 1.6340 is being tested again at the time of this report and a potential break could open 1.6370/80 where key resistance is noticed. Positive momentum of both daily and intraday studies is supportive on a potential break higher into the 1.64 zone. Support is seen at 1.6300/10 and lower at 1.6285 and 1.6250. Current quote is 1.6335 @06:00 GMT

Support levels: 1.6300/10, 1.6285, 1.6240/50, 1.6225 and 1.6160
Resistance levels: 1.6340, 1.6375 and 1.6400.
Market sentiment: long-term : bullish, mid-term : bullish, short-term : bullish

E-Forex

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