EURUSD

The Euro trades around the 1.4000 mark, below resistance at 1.4125 which could not be cleared on yesterday. Hourly momentum is slightly bullish but a sustained break of 1.4125 is needed to signal an end of current pullback. Important resistance is also seen at 1.4270. On the lower side, support starts at 1.3950 backed by 1.3900 and 1.3840. Key support is formed at 1.3635. Current quote is 1.4013 @07:45 GMT

Support levels: 1.3950, 1.3900, 1.3840 and 1.3635.
Resistance levels: 1.4125, 1.4260/70 and 1.4450.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bullish

Yesterday recommended trade: stand aside

AUDUSD

The Aussie Dollar trades quietly near support zone at .6770 but the upside remains favored while the said support is intact. Below .6770 may extend losses to .6550. Minor resistance is seen at .6900. Important barriers at .7010 and .7135/40 will most likely limit the upside for now, on potential rallies. Current quote is .6834 @07:45 GMT

Support levels: .6770, .6600 and .6500.
Resistance levels: .7010, .7135/40 and .7260.
Market sentiment: long-term : bearish, mid-term : slightly bullish , short-term : bullish

Yesterday recommended trade: stand aside

EURCHF

Important support is seen at 1.5080 formed by the 50% retracement of the 1.4300-1.5866 move. The daily studies are bearish and the decline will probably continue, testing 1.5080 within the next days. On the upside, resistance starts at 1.5400 followed by 1.5520 and 1.5700. Hourly sentiment is slightly bullish at the time of this report. Current quote is 1.5302 @07:45 GMT

Support levels: 1.5270, 1.5200 and 1.5080.
Resistance levels: 1.5400, 1.5520, 1.5600 and 1.5700.
Market sentiment: long-term : bearish, mid-term : bullish, short-term : bearish

Yesterday recommended trade: stand aside

This entry was posted on Tuesday, December 23rd, 2008 at 6:26 am and is filed under Forex Daily Quotes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.