EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Jan 22 09 08:12 GMT |

EURUSD Current recovery confirms the strong support into the 1.2830/50 region as the Euro got a boost towards the 1.3100 resistance zone on yesterday. Although it has recovered most of Tuesday's losses, stable support has to be formed above the 1.3020 mark in order to strengthen the short-term momentum which is currently bearish. Resistance follows 1.3020 at 1.3100 and 1.3190 while downside barriers are emerging at 1.2950 and 1.2830/50. Upside may remain on focus especially if support will be formed on the 1.3020 handle, aiming to 1.3190 later. Current quote is 1.2975 @07:40 GMT Support levels: 1.2950, 1.2830/50, 1.2700 and 1.2550/60. Resistance levels: 1.3020, 1.3100, 1.3190 and 1.3250. Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish AUDUSD Interim support is again formed on the .6530 mark and while it holds, a rally towards .6815 may occur. Daily studies are bearish but the hourlies suggest that the recovery will continue. Resistance is seen at .6670 followed by .6815 while support backs .6530 at .6450 and .6340. Current quote is .6580 @07:40 GMT Support levels: .6530, .6450, .6400 and .6300. Resistance levels: .6670, .6815 and .6990/00. Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish EURCHF A trend reversal could be underway due to yesterday's recovery of 310 points and the breach of key resistance at 1.4950. Next important resistance is seen at 1.5150 and a potential break will confirm the uptrend. The daily studies are slightly bullish. Support is now formed at 1.4950 and lower at 1.4850 and 1.4750. Current quote is 1.5019 @07:40 GMT Support levels: 1.4950, 1.4850 and 1.4750. Resistance levels: 1.5050, 1.5100 and 1.5150. Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly 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.