current support and resistance levels

EUR/USD Current Price: 1.4212

FXstreet.com (Buenos Aires) ? EUR/USD Current Price: 1.4212. After hitting 1.4118 low after New York close, pair is correcting to the upside, with indicators exhausted and pointing for an upside correction in the next hours.Current opening barely above 23.6% of hourly fall at 1.4155 still don?t confirm the correction. ?If any, 200 EMA should cap the downside around 1.4140, to avoid the pair attempt another leg down,? said Valeria Bednarik, collaborator at FXstreet.com.Support levels: 1.4140 1.4110 1.4080. Resistance levels:

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Sterling consolidating inside continuation figure

FXstreet.com (Buenos Aires) ? GBP/USD Current Price: 1.6434. Consolidating inside a continuation figure, small triangle clear in the hourly chart, indicators suggest bullish trend remains strong in the pair. Break above 1.6440 should confirm the bias, as bigger time frames also support the view.?Under 1.6400, base of the triangle, correction could extend to 1.6350, 20 SMA in the daily chart, without harming actual trend,? said Valeria Bednarik, collaborator at FXstreet.com.Support levels: 1.6400 1.6350 1.6310. Resistance levels: 1.6440 1.6500

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Forex: Euro tests 1.3930 support again; upward momentum is over

FXstreet.com (Barcelona) - The Euro has dropped to support level at 1.3930 after having been rejected at 1.3985, and, although the pair remains above the mentioned support, the Euro, according to the Swiss e Trade Strategy Team, has lost its upside momentum.The Swiss e Trade Strategy Team expects the Euro moving lower today: The pair has lost its upward momentum over the last two days, continuing to consolidate its higher levels this European morning, and is currently trading at 1.3965

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Forex: USD/JPY: Dollar drops to a fresh 2-month low at 93.85

FXstreet.com (Barcelona) - The Dollar continues weakening against the Yen and on Friday's Asian session, the pair fell below 94.00 to a fresh 2-months low at 93.85.At the moment the pait tries o reach above 94.25 resistance level.Resistance levels, above 94.25, lie at 94.55 (May 18 low) and above there, 95.10/25 (May 21 highs). Support levels lie at 93.85 and below there, 93.55 (Mar 19 low) and 93.00.EUR/JPY has remained moving in a range between 130.75 and 131.50 aiming to

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Forex: EUR/USD: Euro, below 1.3565 weakens ahead of Eurozone CPI and GDP

FXstreet.com (Barcelona) - The Euro is dropping during European session and has given away most of the ground gained during yesterday's U.S. session falling below 1.3565 support level (May 1 low).Below here, next support level comes at 1.3525, 1.3500 and then 1.3470 (My 7 high). On the upside, recovery from current levels could find resistance at previous intra-day low art 1.3615 and 1.3665, once above here, next resistance lies at 1.3725 (May 13 high).For more information, read our latest forex

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Forex: AUD/USD: Aussie reaches 6-month high at 0.7385

FXstreet.com (Barcelona) ? The Aussie has posted a 140 pips rally on early European session rising from 0.7230 levels trough 0.7300/25 resistance area to hit 0.7385, the highest level since October 6. At the moment, the Aussie trades at 0.7266 ; 1.70% above its opening price.On the upside, next resistance levels remain at 1.4385/4400 area, and above here, 1.540. Support levels lie at 0.7325 and 0.7300.According to the E-Forex Team, the Aussie is on the upside and potential pullbacks will

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Forex: USD/JPY: Dollar hits resistance at 98.50/60 level and turns down

FXstreet.com (Barcelona) ? Dollar attempt to return to yesterday?s levels has been aborted and after bouncing from 97.90 intra-week low, the Dollar has been unable to break through 98.50/60 resistance area and the pair returns to levels close to 98.00.Despite the failure to break 98.60, Carol Harmer, technical analyst at Charmer Charts.com advances the possibility of another assault to the mentioned level: ?Sellers will be ready at 98.60 and buyers always hopeful of dodging through the wave of sellers to

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Forex: EUR/USD: Euro, hesitant above 1.3300

FXstreet.com (Barcelona) ? The Euro has moved to levels above 1.3300 during Monday?s Asian session to hit 1.3345 resistance level and drop back to 1.3300 ahead of the European session opening. The Euro trades at the moment at 1.3305, heading towards support level at 1.3290/3300. Next support levels lie at 1.3265 and 1.3210. Resistance levels lie at today?s high 1.3345, and above there, 1.3385 (April 30 high) and 1.3425.EUR/GBP has bounced at 0.8885 on early Asian session to rise to

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Forex: GBP/USD: The Pound climbs to 1.5090/15100 area after ADP report

FXstreet.com (Barcelona) - The Sterling has reversed previous losses and has bounced up from 1.5000 to reach levels close to resistance area at 1.5090/15100 after U.S. ADP report released a lower than expected employment destruction in April.In case of breaking above 1.5100, next resistance levels could be at 1.5160 (May 5 high), and 1.5190. On the downside, support levels lie at 1.5065 (Apr 16 high), and below there, probably on the 1.4990/1.5000 area.GBP/JPY has rocketed more than 160 pips

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EUR/USD: Euro declines further, approaching 1.2985 level

FXstreet.com (Barcelona) ? Rejection at 1.3088 fresh intra-week high has triggered weakness on the Euro and the pair, below 1.3035 level approaches next support level at 1.2880 ahead of Wall Street opening.The Euro trades around 1.3010, dropping most of the gains posted on its rally to 1.3088; with next support level at 1.2985 on sight. If the Euro breaks below there, next support levels could come at 1.2950 and 1.2920.On the upside, recovery from current levels could find resistance at

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