EUR/USD 1,3296

EUR/USD climbed to a 1-week high of 1.3380 during the European session, but found strong resistance and was once again rejected from that area, sliding toward 1.3335 before finding support. At time of writing, EUR/USD is quoting at the 1.3345 area, 0.1% below its weekly opening price.

Despite several attempts within the last couple of weeks, EUR/USD has been unable to clearly overcome the 1.3380/85 zone which has been keeping the upside limited.

From a technical view, "The 4 hours chart shows indicators flat above their midlines, while price develops above 20 SMA with no much strength either side of the board", says Valeria Bednarik, chief analyst at FXstreet.com."The upside seems quite limited, and unless an acceleration above 1.3400, more gains seem unlikely; however if above, 1.3485 is next".

To the downside, Bednarik notes that the 1.3310 floor needs to give up to see the pair extending its slide near 1.3270.

source: fxstreet.com

EUR/USD 1,3032

The EUR/USD is moving away from the highs toward 1.3000. So far the Euro has been able to hold above 1.3000 but it retreated from 1.3052 and fell to 1.3002.

At the moment of writing the pair is hovering around 1.3010 as the US Dollar gains momentum across the board and trims daily losses. The pair still remains in positive territory headed toward the second daily close above 1.3000 since the beginning of 2012.

The Euro also moved off session highs versus commodity currencies and against the Pound as reports mentioned that the Eurozone and the IMF are not going to increase the bailout loan to Greece.

source: fxstreet.com

EUR/USD 1,2648

While markets await confirmation of the reported euro zone downgrades by Standard & Poor's, which includes France losing its AAA rating, EUR/USD consolidates losses near the bottom of today's range heading into the last hours of trading in Wall Street.

EUR/USD slumped to a fresh 16-month low of 1.2623 on the downgrade talk, and despite a limited bounce attempt it was unable to overcome the 1.2700 mark, and has spent the last hours consolidating below that level. At time of writing, EUR/USD is quoting around 1.2660, where it records a 1.2% loss on the day, having reversed its weekly gains to trade 0.3% below its Monday's opening.

Recently, French FinMin Baroin has confirmed France has been warned it will be downgrade by 1 notch to AA+, Le Monde reports. An official Standard & Poor's statement is expected around 21:00GMT.

source: fxstreet.com

EUR/USD 1,3677

The EUR/USD is plunging across the board since the Asian session, passing by the European opening and now the American. During the European session, the pair was using the 61.8% Fib from Jan-9 low as a support area, but the American session opening led the pair down to 1.3649.

At the moment of writing, the EUR/USD trades at 1.3682 and remains bearish, according to FxMarketAlerts Team: “It seems NY specs are behind the latest round of spot losses in EUR/USD and AUD/USD, though this will come as little surprise as they react to the news of the Greek vote of confidence, but more ominously the referendum on the new bailout package. This is effectively a vote on Euro zone membership, and has been duly taken as such, with EUR/USD looking to improve on the lows set at 1.3675 thus far".

On the upside, 1.3723 (session high) and 1.3829 (100-H4 MA), followed by 1.3900 (psychological level) may offer resistance at those areas. On the downside, support may be found at 1.3678 (200-H4 MA), followed by 1.3649 (daily low) and 1.3582 (Oct-12 low).

source: fxstreet.com

AUD/USD challenging 1.0600 resistance

After sliding 200 pips and bottoming out at 1.0503 early European session, the Australian Dollar found support and rebounded, trimming losses versus a broad-based strong Greenback.

AUD/USD bounced from the 1.0500 psychological level and rose over 100 pips toward a session high of 1.0610 before losing steam. At time of writing, the pair is quoting at the 1.0590/1.0600 zone, still down 1.0% on the day.

In terms of technical levels, if the pair manages to take out the 1.0600 area, next resistances could be found at 1.0650 and the 1.0700/10 area, while on the other hand supports might be faced at 1.0540, 1.0500 and then 1.0460.

source: fxstreet.com