The Euro holds firm and consolidates recent gains off 1.31 ****, trading within 1.3230/80 range. Near-term studies remain positive and favor further upside, where 1.33 comes first, ahead of 1.3320, previous consolidation floor / Fibonacci 61.8% of 1.3450/1.3103 downleg. The downside is for now protected at 1.3230, previous resistance and 55DMA, with any extension lower, expected to hold above 1.32 handle, also near 50% retracement of 1.3103/1.3381 ascend, to keep positive structure intact.

Res: 1.3281; 1.3300; 1.3320; 1.3355

Sup: 1.3230; 1.3220; 1.3200; 1.3190

The pair continues to trend higher, with clearance of the last hurdle at 1.5700, approaching key short-term resistance at 1.5751. Break here is required to complete three-month corrective phase and signal break out of six-month cycle, as well as to confirm larger picture double-bottom, formed on 1.4830/12 lows. Positive near-term studies remain supportive, however, hesitation at 1.5751 hurdle may be triggered by overbought conditions. Initial supports lie at 1.5700/1.5684, with stronger pullback expected to find ground above 1.5600/1.5585, near 50% retracement of 1.5427/1.5743 rally, to keep bulls in play.

Res: 1.5743; 1.5751; 1.5809; 1.5843

Sup: 1.5700; 1.5684; 1.5622; 1.5600

The pair finally cleared 100 barrier, with yesterday’s close above this level, suggesting further advance. With initial 100.44 resistance being taken out and 100.85 coming in near-term focus, extension towards key barrier at 101.52, 08/07, would be likely short-term scenario. Positive tone prevails on lower and larger timeframes studies and keeps bulls in play. Corrective dips would face immediate support at 100 level, with solid support at 99.32/00 zone, seen as ideal reversal point.

Res: 100.60; 100.85; 101.00; 101.52

Sup: 100.00; 99.32; 99.00; 98.53

The Aussie remains well supported and continues to trend higher. Final push through psychological 0.9300 barrier, so far tested 0.9316, 24/07 high, cracking strong 0.9300/0.9350 resistance zone, break of which is required to confirm short-term **** at 0.8846/90 lows and allow for stronger retracement of larger 1.0581/0.8846 descend. Near-term technicals are positive, with overbought 4-hour studies, suggesting corrective action, ahead of fresh attempt higher. Previous resistance at 0.9232/20, along with psychological 0.9200 level, offer good support, while only loss of 0.9100 support, also 50% retracement of 0.8891/0.9317 ascend, would bring bears back in play.

Res: 0.9316; 0.9343; 0.9350; 0.9400

Sup: 0.9279; 0.9232; 0.9220; 0.9200

The Euro cracked psychological 1.33 resistance on Wednesday’s rally through 1.3280, two-day consolidation top. Fresh gains reached 1.3323 so far, over 61.8% retracement of 1.3450/1.3103 downleg, with positive near-term studies being supportive for further advance. Clearance of 1.33 barrier would open way for final push towards key levels at 1.3414/50, 19/06 and 20/08 highs, also five-month cycle peaks. From the other side, daily studies are still weak and keep the risk of possible stall in play. Near-term bulls may be delayed, as 4-hour studies are overbought, with corrective easing expected to face immediate support at 1.3280, previous range top / daily 20DMA, ahead of more significant 1.3240/30 higher platform that should contain dips.

Res: 1.3323; 1.3355; 1.3400; 1.3414

Sup: 1.3280; 1.3253; 1.3230; 1.3220

Near-term bulls remain unobstructed, as the pair rallies higher and broke above psychological 1.58 barrier, after clearing key short-term resistance at 1.5751. Fresh bull phase above 1.5751, attempts at initial target at 1.5843, 08/02 high, ahead of 1.5877; 01/02 high and psychological 1.5900 barrier. Studies remain positive on all timeframes and keep the upside favored, however, corrective pullback on overbought conditions is likely to precede fresh rallies. Immediate support lies at 1.5800, with previous peak at 1.5751, seen next and 1.5700 zone expected to contain.

Res: 1.5831; 1.5843; 1.5877; 1.5900

Sup: 1.5800; 1.5751; 1.5717; 1.5700

The pair came under increased pressure, after pullback from fresh high at 100.60, accelerated lower and broke below important 99.32 support and weekly low. With hourly studies being negative and 4-hour indicators approaching their midlines, immediate risk is seen on violation of 99.00 support that will fill Monday’s gap and open way for further easing towards 98.00, 50% retracement of 96.80/100.60 upleg and 98.53, 06/09 spike low, loss of which to confirm near-term top at 100.60. Conversely, reversal above 99.00, would keep near-term bulls in play, as positive daily studies support such scenario.

Res: 99.60; 100.00; 100.36; 100.44

Sup: 99.18; 99.00; 98.70; 98.53

The Aussie’s near-term bulls extended higher to briefly test the upper boundary of pivotal 0.9300/50 resistance zone. Subsequent sharp pullback weakened hourly structure, as the price dipped about 100 pips, but could be still seen as corrective, as 4-hour structure is positive. However, reversing 4-hour indicators suggest that further easing cannot be ruled out, with strong 0.9232/20 and 0.9200 support area, coming in sight. Ideally, dips should be contained here, to keep overall near-term positive structure intact, as fresh strength above 0.9350 is required to signal reversal.

Res: 0.9275; 0.9300; 0.9316; 0.9353

Sup: 0.9232; 0.9220; 0.9200; 0.9170

The Euro hit fresh three-week high vs the dollar at 1.3380, as risk-on mode accelerates and the pair started the week with 60-pips gap-higher opening. The price trades in a narrow consolidative range, ahead of the next target and lower platform at 1.3400, break of which to open key barrier at 1.3450, 20/08 peak. Near-term technicals are positive and favor further upside, however, further consolidation cannot be ruled out, as studies approach overbought territory. Immediate support lies at 1.3350, session low, ahead of 1.3300, Fibonacci 61.8% of 1.3252.1.3380 upleg, below which to signal stronger pullback towards key support at 1.3240, previous consolidation floor / 50% retracement of larger 1.3103/1.3380 ascend.

Res: 1.3380; 1.3400; 1.3414; 1.3450

Sup: 1.3350; 1.3320; 1.3300; 1.3274

Cable remains well supported and continues to rally higher, with gap-higher opening today, surging through initial 1.59 barrier. The pair looks for test of psychological 1.6000 barrier and 1.6010, Fibonacci 76.4% of 1.6380/1.4812 descend. Break above short-term congestion and formation of double-bottom at the larger picture, sees scope for extension towards key med-term resistance at 1.6380, 2012 high, in the short-term. Positive near-term studies support the notion, however, bulls may be delayed, as hourly and 4-hour studies are overbought. Immediate supports lay at 1.5930, session low and 1.5900, while filling the gap on a slide below 1.5870, would signal deeper pullback.

Res: 1.5955; 1.6000; 1.6010; 1.6050

Sup: 1.5930; 1.5900; 1.5870, 1.5835

The pair came under increased pressure after losing 99.00 handle, as overnight’s gap-lower opening triggered further weakness. Reversal off 100.60 peak retraced over 50% of 96.80/100.60 upleg on a dip to 98.44, session low, with near-term bears being fully in play and seeing scope for further easing towards 98.25, Fibonacci 61.8% and 98.00, round figure support. Completion of 4-hour H&S pattern supports the notion, with psychological 100 barrier being on hold for now, despite positively aligned daily studies.

Res: 99.09; 99.29; 99.76; 100.00

Sup: 98.44; 98.25; 98.00; 97.70

The Aussie found ground at 0.9220 zone, where the higher **** has been formed, with fresh strength and gap-higher opening, pushing the price to the new highs near psychological 0.9400 barrier. Resumption of larger recovery from 0.8846/90 **** and clear break above important 0.9300/50 resistance zone, signals stronger corrective action of med-term 1.0581/0.8846 descend. Near-term studies maintain positive tone, with larger picture bulls being in play, as the price emerges above of daily Ichimoku cloud. Initial supports lay at 0.9317, session low and 0.9300, round figure, ahead of 0.9280. Only loss of 0.9220 platform would delay immediate bulls.

Res: 0.9392; 0.9430; 0.9470; 0.9500

Sup: 0.9317; 0.9300; 0.9280; 0.9265

The Euro remains steady ahead of Fed tomorrow and consolidates after fresh rally that peaked at 1.3384 on Monday. Pullback has so far found support at 1.3320, previous high / hourly 55DMA, with positively aligned 4-hour studies, keeping the upside focused. Key barriers lay at 1.3400 and 1.3450, clearance of which to signal break above multi-month congestion. From the other side, weak hourly studies, keep the downside vulnerable for possible test of important 1.33 support, Fibonacci 61.8% of 1.3252/1.3384 upleg, loss of which would sideline near-term bulls and open key support at 1.3350/40 higher platform, also 50% retracement of 1.3103/1.3384 rally.

Res: 1.3353; 1.3384; 1.3400; 1.3450

Sup: 1.3324; 1.3300; 1.3274; 1.3252

The pair trades in near-term corrective mode, after posting marginally higher high at 1.5961 on Monday. Reversal was so far contained at 1.5887, 55DMA / 38.2% of 1.5775/1.5961 upleg and just ahead of 1.5878, last Friday’s closing price and 1.5868, 50% retracement, below which to trigger stronger pullback, suggested by weakening hourly studies. However, bullish tone, prevailing on larger timeframes, keeps final push towards psychological 1.6000 barrier and favored scenario, once corrective phase ids completed.

Res: 1.5929; 1.5961; 1.6000; 1.6010

Sup: 1.5887; 1.5870, 1.5838; 1.5819

The pair recovered over 38.2% of 100.60/98.44 fall, as bounce from 98.44 filled Monday’s gap and reached so far 99.35, with 99.00, now acting as immediate support. Hourly studies turned positive and see potential for further recovery, however, weak 4-hour conditions see regain of 99.96, 13/09 lower top, required to sideline downside risk towards 98.25/00 targets and open levels above 100 barrier instead.

Res: 99.35; 99.52; 99.77; 99.96

Sup: 98.44; 98.25; 98.00; 97.70

The Aussie erased Monday’s gains that peaked at 0.9392 and turned in defensive mode, mainly being driven by fundamentals. Dips found footstep just below 0.9300 support for now, with weak hourly studies, seeing risk of further easing, before bulls return to play. On the 4-hour chart, positive tone prevails, however, the price is losing momentum. Also, formation of RSI/MACD bearish divergence, keeps the downside vulnerable. Loss of 55DMA at 0.9232 and higher platform at 0.9222, would be initial signal of stronger correction. From the other side, break above key 0.9300/50 resistance zone, would open way for further recovery and expose psychological 0.9500 barrier in the near-term.

Res: 0.9333; 0.9353; 0.9392; 0.9430

Sup: 0.9284; 0.9265; 0.9232; 0.9222

The Euro continues to trade sideways, awaiting Fed’s decision and holding within 1.3324/84 consolidative range. The downside is protected by hourly Ichimoku cloud and ascending 55DMA, with positively aligned near-term studies, keeping near-term bulls in play. Final push through 1.3384 peak to open 1.3400 lower platform and key 1.3450 hurdle. Alternatively, violation of the range floor, also previous high and 50% retracement of 1.3252/1.3384, would be seen as initial signal of corrective phase and expose 1.3300, Fibonacci 61.8% and strong 1.3240 higher platform and 50% of larger 1.3103/1.3384 ascend.

Res: 1.3368; 1.3384; 1.3400; 1.3450

Sup: 1.3345; 1.3324; 1.3300; 1.3283

Cable remains trades in near-term sideways mode, after pullback from 1.5961 high, found footstep at 1.5883, Fibonacci 38.2% of 1.5775/1.5961 upleg, with support being reinforced by 55DMA. Neutral tone prevails on hourly chart studies, while 4-hour indicators are descending from overbought territory that keeps risk of further reversal in play. Loss of 1.5883, would look for next supports at 1.5868/46, 50% and 61.8% retracement levels, with increased downside risk to be triggered in case 1.5800 and 1.5775 supports give way. Conversely, lift above near-term consolidation top at 1.5935, would open 1.5961 and focus psychological 1.6000. Overextended daily studies, however, see risk of stall ahead of 1.6000 hurdle.

Res: 1.5935; 1.5961; 1.6000; 1.6010

Sup: 1.5887; 1.5868, 1.5838; 1.5819

The pair holds neutral tone on hourly chart, as bounce from 98.44 low stays capped at 99.35, Tuesday’s high. with 99.00, now acting as immediate support. From the other side 4-hour studies are negative, with price action being capped by 55DMA that keeps the downside at risk. Failure to regain of 99.96, 13/09 lower top, would risk lower top formation and further weakness, with break below 98.44, to open way for further retracement of 96.80/100.60 ascend.

Res: 99.35; 99.52; 99.77; 99.96

Sup: 99.00; 98.63; 98.44; 98.25

The Aussie maintains positive near-term tone, as the price holds in the upper part of 0.9392/0.9284 consolidation range, with studies on the lower timeframes being positively aligned. Resumption of larger uptrend from 0.8891 requires lift above 0.9400, with important resistance zone at 0.9300/50 and short-term congestion top, already being cracked on extension to 0.9392. Immediate support lies at 0.9335, while extension below 0.9284 higher low, would increase downside risk and signal possible false break above 0.9350.

Res: 0.9366; 0.9392; 0.9400; 0.9430

Sup: 0.9335; 0.9284; 0.9265; 0.9232

The Euro trades in extended consolidative phase under last week’s fresh high at 1.3567. Near-term price action moves in a sideways mode and being entrenched within 1.3500/50 range. Psychological 1.35 support, reinforced by ascending hourly 55DMA, keeps the downside protected for now, with hourly studies holding neutral tone. From the other side, extended 4-hour studies see risk of further consolidation, with double-Doji supporting such scenario. However, deeper pullback cannot be ruled out, as daily RSI is entering overbought territory. Immediate support lies at 1.3500, ahead of 1.3450, previous top and 50% retracement of 1.3337/1.3567 upleg. Increased downside risk would be seen in case of violation of 1.3400, Fibonacci 38.2% of 1.3103/1.3567 and 1.3340, higher platform and 50% retracement. Targets at 1.3600 and key 1.3710 peak, seen in extension, remain in near-term focus.

Res: 1.3567; 1.3600; 1.3658; 1.3710

Sup: 1.3500; 1.3479; 1.3450; 1.3425

Cable’s corrective pullback from 1.6161, 18/09 fresh high, has stabilized at psychological / Fibonacci 61.8% of 1.5890/1.6161 ascend support, with near-term basing attempt being under way. Hourly studies are weak and require break above lower top at 1.6065 to confirm recovery, as 4-hour structure remains positive and keeps the upside favored. However, overbought daily studies require caution, as possible extension below 1.5900/1.5880 higher platform, would risk deeper pullback and open next target at 1.5800. Conversely, clearance of 1.6065 and regain of 1.6100 barrier, would shift near-term focus towards 1.6161 and signal possible resumption of larger uptrend towards 1.6200, next upside target.

Res: 1.6065; 1.6100; 1.6140; 1.6161

Sup: 1.6000; 1.5985; 1.5954; 1.5890

The near-term structure weakens after the pair failed to regain psychological 100 barrier on a strong bounce off 97.75. Pullback from 99.65, where the rally stalled, cracked 99.00 handle, also 38.2% of 97.75/99.65 upleg that increases downside risk, as 4-hour indicators are breaking in the negative territory. Further easing would look for test of 98.70/98.48, Fibonacci 50% / 61.8% of 97.75/99.65, and 98.22, trendline support, also the neckline of H&S pattern that is forming on a daily chart. Conversely, lift above 99.65 is required to neutralize.

Res: 99.16; 99.65; 99.96; 100.21

Sup: 98.70; 98.44; 98.22; 98.00

The Aussie trades in near-term corrective mode, with price action coming under increased pressure, after extension of pullback from 0.9526 peak, dipped to 0.9365 so far. Hourly studies are still weak, however, quick recovery above 0.9400 handle, keeps the positive tone on the larger timeframes in play. Clearance of lower platform at 0.9455, is seen as minimum requirement to avert downside risk and shift focus towards 0.9500 and 0.9526 barriers. Otherwise, loss of 0.9365, session low and higher platform at 0.9340, would keep the downside vulnerable and risk stronger correction. Strong supports lay at 0.9283, Fibonacci 38.2% of 0.8891/0.9526 and 9222/00, higher platform / 50% retracement.

Res: 0.9455; 0.9483; 0.9500; 0.9526

Sup: 0.9365; 0.9340; 0.9300; 0.9283