EUR/USD Mid-Day Outlook

EUR/USD’[s fall from 1.2921 extends further to as low as 1.2735 so far today. The break of 1.2776 minor support indicates that choppy recovery from 1.2587 is finished at 1.2916 already. With 1.2921 resistance intact, fall from 1.3330 is still expected to continue. Intraday bias is mildly on the downside
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GBP/USD Mid-Day Outlook

GBP/USD’s break of 1.5326 indicates that fall from 1.5997 has resumed. Intraday bias is back to the downside and further fall should be seen to 1.5123 cluster support (50% retracement of 1.4230 to 1.5997 at 1.5114). Decisive break there will confirm our bearish view that rise from 1.4230 has finished
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USD/CHF Mid-Day Outlook

Intraday bias in USD/CHF remains neutral for the moment as it’s still staying inside tight range above 1.0064. Some more consolidations could still be seen but even in case of another recovery, upside should be limited below 1.0330 support turned resistance and bring another fall. Below 1.0064 will target parity
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USD/JPY Mid-Day Outlook

USD/JPY drops further to as low as 83.53 in early US session and the break of 83.61/66 support zone indicates that recent decline has resumed. Intraday bias is back to the downside and further fall should be seen towards 80 psychological level next. On the upside, above 84.26 minor resistance
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GBP/JPY Mid-Day Outlook

GBP/JPY drops sharply to as low as 127.99 so far today and the firm break of 128.63 confirms that recent decline from 137.73 has resumed. Intraday bias is now on the downside and further decline should be seen to test 126.73 low next. On the upside, in case of recovery,
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Mid-Day Report: Euro Remains Broadly Pressured But Passing the Torch to Sterling

Euro remains broadly weak against major currencies, as pressured by a WSJ report that the European bank stress test "understated some lenders’ holdings of potentially risky government debt." EUR/USD’s break of 1.2776 minor support suggests that recent recovery is finished and the pair is possibly heading back to 1.2587 low.
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USD/CAD Daily Outlook

As discussed before, rebound from 1.0106 is completed at 1.0671. USD/CAD is still bounded inside sideway trading in range of 1.0106 and 1.0851 with fall from 1.0671 as another leg. Further decline would now remain in favor as long as 1.0470 resistance holds, for 1.0246 and possibly further to 1.0106.
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AUD/USD Daily Outlook

With 4 hours MACD crossed below signal line, a temporary top is in place at 0.9180 and intraday bias is turned neutral. Some retreat might be seen towards 4 hours 55 EMA (now at 0.9047) but another rise remains in favor as long as 0.8860/9028 support zone holds. ABove 0.9180
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EUR/USD Daily Outlook

EUR/USD faced strong resistance ahead of mentioned 1.2921 resistance level and drops sharply. Though, it’s still holding above 1.2776 minor support and we’ll continue to stay neutral first. As discussed before, as long as 1.2921 holds, we’d still expect fall from 1.3330 to resume sooner or later. Below 1.2776 minor
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GBP/USD Daily Outlook

GBP/USD is staying in consolidations above 1.5326 and intraday bias remains neutral. While some more sideway trading might be seen, upside is expected to be limited by 1.5596 resistance and bring resumption of fall from 1.5997. Below 1.5326 will target 1.5123 cluster support (50% retracement of 1.4230 to 1.5997 at
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