Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. Today, EUR/USD remains under pressure. However, beware if the resistance at 1.3252 breaks, because it will turn the intraday bias into bullish.

EUR/USD

EUR/USD remains under pressure. The price seems like it moves up from the support area at 1.3179 to the resistance area at 1.3224-1.3252. We can look for sell signal confirmation within the resistance area with target at 1.3207-1.3179. If the support at 1.3179 breaks, euro possibly will move lower to 1.3151-1.3120.

However, beware if the resistance at 1.3252 breaks, because it will turn the intraday bias into bullish and potentially will raise euro up to 1.3269-1.3297.

EURUSD

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GBP/USD

In general, poundsterling remains in bearish bias. The price is testing the resistance area at 1.6592-1.6625. Today's preference remains bearish and we can look for sell signal confirmation within the resistance area with target at 1.6571-1.6538.

However, be careful if the resistance at 1.6625 breaks, because it will turn the intraday bias into bullish and potentially will raise sterling up to 1.6646-1.6679.

GBPUSD

AUD/USD

Aussie remains in neutral bias today. The price is trying to rebound from the support area at 0.9277, possibly will re-test the resistance at 0.9319. The intraday bias will turn to bullish only if that resistance beaks, aiming the level of 0.9344.

On the contrary, intraday bias will turn into bearish if the support at 0.9277 breaks, and possibly will be followed by bearish move toward 0.9261-0.9236.

AUDUSD

USD/JPY

Correction occurs on USD/JPY. The price has pulled back into the Fibonacci reference area at 103.78-103.97. The intraday bias remains bullish as long as the support at 103.78 remains intact. Hourly stochastic and CCI are showing bullish signals.

Therefore, we should wait for a breakout above the resistance at 103.97. In that case, bullish signals from stochastic and CCI will be stronger and USD/JPY may advance to 104.08-104.26.

Be careful if the support at 103.78 breaks, because it will turn the intraday bias into bearish. In that case, USD/JPY may fall to 103.67-103.49.

USDJPY

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USD/CHF

Correction occurs on USD/CHF to the support area at 0.9141. The intraday bias remains bullish as long as the support intact. Hourly stochastic has delivered bullish signal, while CCI remains oversold. Therefore, the price possibly will rebound up to 0.9161-0.9179.

Be careful if the support at 0.9141 breaks, because it will turn the intraday bias into bearish. If that happens, USD/CHF likely will fall to 0.9121-0.9103.

USDCHF