Today's Market Outlook

EURUSD Remains under pressure, with loss of Friday’s low at 1.4314, to test 1.4250 support. Recovery attempt have so far been capped at 1.4375, as near-term studies favor further weakness and below 1.4250 to open 1.4200/1.4156. Hourly 20 day MA maintain near-term bears, with lift above to focus 1.4375 barrier.

Technical Analysis Daily: GBP/USD

On Monday Pound/Dollar decreased with almost 150 pips, later recovered, in line with the neutral Interbank sentiment at almost +3%. The Cable depreciated from 1.6418 to 1.6269 yesterday, later climbed up to 1.6424, closing the day at 1.6401. Today the British Pound is showing some weakness again, but movements are

USD/JPY Daily Outlook

USD/JPY's consolidation from 79.58 temporary is still in progress and further recovery could be seen. But still, upside is expected to be limited by 82.76 resistance and bring resumption of fall from 85.51. Below 80.15 minor support will flip bias back to the downside and would target a retest on

Morning Forex Overview

Uncertainty over the European Union's ability to manage Greece's debt problems, along with a slide in oil prices that tempered euro-zone interest rate hike speculation, sent the common currency to a six-week low against the yen in Asia Tuesday.

USD/CHF Daily Outlook

USD/CHF's recovery from 0.8552 short term low is still in progress for 38.2% retracement of 0.9399 to 0.8552 at 0.8853. But after all, upside is expected to be limited by 0.8895 support turned resistance and bring down trend resumption. On the downside, below 0.8707 minor support will flip bias back

GBP/USD Daily Outlook

GBP/USD's break of 1.6406 minor resistance suggests that a temporary low is in place at 1.6269 and intraday bias is turned neutral for the moment. Nevertheless, another fall is still expected as long as 1.6573 resistance holds. Below 1.6269 will target 1.6166 support first.

EUR/USD Daily Outlook

Further decline is still mildly in favor in EUR/USD with 1.4440 minor resistance intact and current fall from 1.4938 could extend to 1.4157 cluster support (38.2% retracement of 1.2873 to 1.4938 at 1.4149). But downside should be contained there and bring rise resumption. Above 1.4440 minor resistance will flip bias