EURUSD, AUDUSD, EURCHF Daily Outlook

Daily Forex Technicals | Written by E-Forex | Mar 04 09 07:41 GMT |

EURUSD Fresh intra-day lows have been reached after the short-lived recovery to 1.2675 on yesterday. The decline to 1.2450 brings last year's lows under pressure and a potential break below 1.2420 may extend losses towards long-term support at 1.2330. Daily sentiment is bearish and no change is expected while trading below the 1.2890-1.2990 resistance region. Intra-day resistance is seen at 1.2540 and 1.2590 followed by a minor barrier at 1.2630 and yesterday's high at 1.2675. Above 1.2540, hourly momentum will turn bullish but extended rallies are likely to be limited within the 1.2630-1.2675 zone. Current quote is 1.2530 @07:30 GMT Support levels: 1.2450, 1.2400/15 and 1.2330. Resistance levels: 1.2540, 1.2590, 1.2630 and 1.2675. Market sentiment: long-term : bearish, mid-term : bearish, short-term : bearish AUDUSD Support at .6280/90 holds after three attempts on breaking towards the downside. However, the daily studies remain bearish and strong near-term resistance levels are formed at .6450, .6550 and .6650. Above .6550, daily momentum will turn positive. Support backs .6280/90 at .6245 - last month's low. Minor interim resistance into the .6370-.6390 region is on focus as the Aussie Dollar is currently recovering overnight's losses. Current quote is .6361 @07:30 GMT Support levels: .6330 .6280/90 and .6245. Resistance levels: .6370/90, .6450, .6550 and .6650. Market sentiment: long-term : bearish, mid-term : bearish , short-term : bearish EURCHF Sentiment is mixed as the pair lacks the strength to break the range on either side. Important resistance is formed into the 1.4875-1.4930 region and a potential break will turn daily momentum on the positive side. On the other side, important support is formed into the 1.4655-1.4695 zone. Minor resistance is being tested at 1.4800 at the time of this writing. Above the 1.48 mark, intra-day momentum will favor further climbing to 1.4900/30. Current quote is 1.4796 @07:30 GMT Support levels: 1.4750/60, 1.4700 and 1.4650. Resistance levels: 1.4800, 1.4875, 1.4930 and 1.5010. Market sentiment: long-term : bearish, mid-term : bearish, short-term : slightly 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.