EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Jan 12 09 08:57 GMT |

EURUSD The Euro declined versus the greenback on Friday, falling below support at 1.3550. Short-term studies maintain their bearish bias and next downside target is seen at 1.3280, the 61.8% retracement of the 1.2390-1.4720. Intra-day resistance starts at 1.3450 followed by 1.3550 while support emerges at 1.3280 and 1.3100. On a short-term basis, momentum will remain bearish while trading below 1.3835. Current quote is 1.3414 @07:30 GMT Support levels: 1.3400, 1.3280 and 1.3100. Resistance levels: 1.33500, 1.3550, 1.3700 and 1.3835. Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish AUDUSD Recent break below key support at .7000 signals a change on short-term momentum, building an initial bearish structure. Downside may remain under pressure and next objective is seen at .6760. Daily resistance is provided by the .7000 mark followed by .7125. Minor support emerges at .6900 and a potential break may open .6760 for a later test. Current quote is .6920 @07:30 GMT Support levels: .6900, .6800 and .6760. Resistance levels: .7000, .7125 and .7350. Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : slightly bearish EURCHF Holding on the 1.4930 short-term bottom still, the pair maintains a neutral sentiment. Below 1.4930 resumes downtrend aiming towards 1.4760 while on the upside, a potential break of 1.5050 will favor a climb to 1.5150 where key resistance is seen. Intraday studies are slightly bullish at the time of this report. Current quote is 1.4973 @07:30 GMT Support levels: 1.4930, 1.4890, 1.4800 and 1.3760. Resistance levels: 1.5000, 1.5050 and 1.5150/85. Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral 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.