Daily forex technical analysis on major pairs by analysts from FOREXimf.com. The analyses comprehensively covers AUDUSD, USDJPY, USDCHF, EURUSD, and GBPUSD. Today, Euro remains bearish, with target at 1.3130-1.3110. However, be careful if resistance at 1.3163 breaks.

EUR/USD

Euro remains under pressure. A pull-back move occurs, approaching the resistance area at 1.3143-1.3163. Today’s preference remains bearish, with target at 1.3130-1.3110.

However, be careful if the resistance at 1.3163 breaks, because it will turn the intraday bias into bullish and possibly will push euro up to 1.3176-1.3196

EURUSD

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GBP/USD

Poundsterling currently is under heavy bearish pressure. Watch 1.6444 level as intraday key support. A break below that support may trigger another bearish pressure and possibly will push poundsterling lower to 1.6397-1.6345.

Note that hourly stochastic and CCI are rising. Therefore, as backup plan, watch also the resistance area at 1.6520-1.6567 in order to look for sell signal confirmation with target at 1.6491-1.6444. Be careful if the resistance at 1.6567 breaks, because it will turn the intraday bias into bullish and possibly will raise GBP/USD up to 1.6569-1.6643.

GBPUSD

AUD/USD

A pull-back move occurs on hourly chart of AUD/USD, into the resistance area at 0.9296-0.9317. Note that hourly CCI is overbought. Today’s preference remains bearish; therefore, we can look for sell signal confirmation within the resistance area with target at 0.9283-0.9262.

Be careful if resistance at 0.9317 breaks because it will turn the intraday bias into bullish and possibly will raise Aussie up to 0.9330-0.9351.

AUDUSD

USD/JPY

Correction occurs on USD/JPY, testing the support at 104.89. Note that the price currently is moving between 20 MA and 50 MA on hourly chart. Today’s preference remains bullish, as long as the support at 104.89 remains intact, with target at the key resistance 105.30. If that resistance breaks, the bullish rally likely will extend to 105.71-106.18.

Nevertheless, be careful if the support at 104.89 breaks, because it will turn the intraday bias into bearish and may push USD/JPY down to 104.22 or even 103.55.

USDJPY

USD/CHF

Correction occurs on USD/CHF, approaching the support at 0.9175. Note that the price currently has fallen below 20 MA and 50 MA on hourly chart. However, today’s preference remains bullish as long as the support at 0.9175 remains intact, with target at 0.9194-0.9211.

Nevertheless, be careful if the support at 0.9175 breaks, because it will turn the intraday bias into bearish and may push USD/CHF down to 0.9156-0.9139.

USDCHF

Analyses are presented by FOREXimf.com
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