EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Feb 27 09 07:54 GMT |

EURUSD The Euro maintains a neutral stance on short-term basis, trading at 50 points above daily support formed by 1.2660. Intra-day studies are bearish at the time of this writing and the downside seem fragile. A break below 1.2660 will favor extended losses towards lower objectives, at 1.2515 and maybe 1.2330. On the upside, resistance starts at 1.2750 followed by 1.2800 and 1.2890. Other important barriers are seen at 1.2990/00 and 1.3100 and those are likely to limit the upside on potential rallies. A break above 1.3100 is needed to fully confirm an uptrend. Current quote is 1.2710 @07:20 GMT Support levels: 1.2660, 1.2570 and 1.2515. Resistance levels: 1.2750/60, 1.2800, 1.2890 and 1.2990. Market sentiment: long-term : bearish, mid-term : bearish, short-term : neutral AUDUSD The Aussie Dollar retreats after yet another failed attempt on breaking .6550. Minor support is being tested right now at .6450. Lower barriers are emerging at .6390 and .6330. A break of .6550 is needed to resume uptrend and focus towards important bullish objectives at .6650 and .6850. Intra-day studies are bearish at the time of this writing. Current quote is .6445 @07:20 GMT Support levels: .6450, .6390 and .6330. Resistance levels: .6550, .6590 and .6650/60 Market sentiment: long-term : bearish, mid-term : bearish , short-term : neutral EURCHF Support on the 1.4800 handle still holds, therefore the short-term sentiment is slightly bullish but a break below the said support will cancel the weak uptrend and most likely extend losses towards the 1.4650-1.4700 support zone. On the upside, resistance at 1.4930 has to be cleared out in order to re-gain strength and aim towards 1.5150 within the upcoming days. Current quote is 1.4834 @07:20 GMT Support levels: 1.4800, 1.4750/60, 1.4700 and 1.4650. Resistance levels: 1.4930, 1.5010/20, 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.