EUR/USD Current price: 1.4258
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The euro continues losing ground against greenback, after breaking below the daily ascendant trend line coming from early July low at 1.3837. European stocks markets are in red territory, while commodities are barely unchanged intraday. The EUR/USD hourly chart shows an increasing bearish momentum with price approaching strong 1.4250 static resistance area, although RSI is around 25 posting oversold readings. 4 hours chart shows current candle completed a pullback to the 200 EMA, at 1.4300 an immediate resistance zone now for the cross, with indicators heading strongly lower, supporting a bearish continuation for today.
Support levels: 1.4250 1.4215 1.4170�
Resistance levels: 1.4300 1.4340 1.4385
GBP/USD Current price: 1.6318
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The GBP/USD trades in a quiet range since last US session, lacking definitions according to price action and the hourly momentum indicator, flat around 100. A� bearish tone however, is more clear in 4 hours chart, with indicators heading south below their midlines and current candle opening below 20 SMA. The pair however, may turn bearish only clearly below 1.6260/70 area, strong static support zone.
Support levels: 1.6300 1.6270 1.6220
Resistance levels: 1.6345 1.6390 1.6420
USD/JPY Current price: 77.83
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Barely unchanged since last updates, pair trades in a limited range as� BOJ intervention early next week is quite likely at this point. Still the bearish tone in the chart suggest no much of an upside for today, with the cross limited below 78.25 latest resistance and probable top in case of recoveries. Bigger time frames continue showing lower lows and 20 SMA strongly bearish above current price, supporting further slides in the cross.
Support levels: 77.65 77.30 77.10
Resistance levels: 78.10 78.35 78.60
USD/CHF: Current price: 0.8005
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Swiss franc hold to recent gains with no much definition according to the hourly chart, as the pair continues trading in a limited range, yet near all time low set a few minutes ago at 0.7989. The hourly chart shows indicators below their midlines and price capped below 20 SMA,� while bigger time frames are showing also a dominant bearish tone that suggest further slides for the upcoming sessions.
Support levels: 0.7990 0.7950 07910
Resistance levels: 0.8020 0.8060 0.8100
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