EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Sep 12 08 06:40 GMT |

EURUSD The US dollar remains stronger against the Euro on a short term basis although the Euro recovered on yesterday, closing above the 1.4 mark. Intraday momentum is slightly bullish and the Euro may extend its gains if the intraday support handle at 1.3975 holds. Near term resistance emerges at 1.4060 followed by 1.4100 and 1.4170 higher. Below 1.3975, support is also formed at 1.3930 and 1.3880/90. Current quote is 1.4027 @06:30 GMT Support levels: 1.3975, 1.3930, 1.3880/90, 1.3860 and 1.3760. Resistance levels: 1.4060, 1.4100, 1.4130 and 1.4170. Market sentiment: long-term : bullish, mid-term : bearish, short-term : bearish AUDUSD Resistance at .8100 is on focus and a potential break may open .8175 while on the downside, support starts at .8010 backed by .7950 and .7885. The daily charts are highly oversold while the intraday studies are slightly bullish while trading above the .8010 mark. Potential rallies are expected to be limited within the .8100-.8175 range. Current quote is .8060 @06:30 GMT Support levels: .8010, .7950 and .7885 Resistance levels: .8060, .8100 and .8175. Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish EURCHF Support into the 1.5850 region couldn't be broken on yesterday and the failed attempt followed by the fast recovery suggests that a climb towards the key resistance at 1.5990 is likely. However, the short term studies are bearish while holding below the said 1.5990 resistance so rallies are expected to be sold within the 1.5990-1.6020 range if reached. Current quote is 1.5926 @06:30 GMT Support levels: 1.5850, 1.5810 and 1.5750. Resistance levels: 1.5950, 1.5990 and 1.6020/30. Market sentiment: long-term : bullish, mid-term : neutral, short-term : bearish 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.