EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Nov 28 08 08:03 GMT |

EURUSD The Euro trades in a narrow range below the 1.3 mark, consolidating recent gains and volatility will probably remain low today. Minor resistance is seen at 1.2970 followed by 1.3080/00 and 1.3125. On the downside, support is seen at 1.2880 backed by 1.2800/15 and 1.2680. Both daily and intraday studies are bullish. While holding above 1.2815, upside is on focus and a sustained break of 1.3080 seem possible during the next trading days. Current quote is 1.2925 @07:40 GMT Support levels: 1.2880, 1.2800/15, 1.2680/00 and 1.2565. Resistance levels: 1.2970, 1.3080/00, 1.3125 and 1.3260. Market sentiment: long-term : bearish, mid-term : bearish, short-term : bullish AUDUSD Holding just a few pips below the resistance at .6600 at the time of this writing, the Aussie dollar seem set for a potential break which will confirm current uptrend. A break of .6600 opens .6690/00 for a later test. Support is seen at .6535/50 backed by .6480 and .6390. Current quote is .6579 @07:40 GMT Support levels: .6535/50, .6480, .6390/00 and .6340. Resistance levels: .6600 and .6700. Market sentiment: long-term : bearish, mid-term : bearish , short-term : slightly bullish EURCHF Resistance at 1.5535/50 is intact and could not be broken on recent tests. Intraday studies are bearish as the Euro is losing strength versus the Swiss Franc, now testing support into the 1.5470 region, formed by an hourly rising trendline. A break below 1.5450 will probably open 1.5335 for a later test. Current quote is 1.5473 @07:40 GMT Support levels: 1.5450/70, 1.5335 and 1.5220/30. Resistance levels: 1.5535/50 and 1.5620. Market sentiment: long-term : bearish, mid-term : bearish , 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.