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EURUSD Bouncing Between Support and Resistance

By DailyForex.com

By: Investija

EURUSD Technical Analysis
EURUSD, resistance level at 1.4466 holds bulls from further climbing towards next resistance barrier at 1.4540. Possible channel creation for now, it can be extended back to resistance barrier at 1.4466. At the moment waiting action remains and short term bouncing between current support and resistance levels is expected.

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EURJPY Technical Analysis
EURJPY after consolidation near support level at 130.21 bears did finally breach out by this barrier. At the moment, bears are controlling the situation while candles remain below resistance level at 130.88. Trend remains negative.

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AUDUSD Technical Analysis
AUDUSD Bulls didn't have enough strength to reach resistance level at 0.9272, whereas bears slided further downside towards support at 0.9182. At the moment, waiting action is better option in order to confirm the strenght of support barrier. 

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