EUR/GBP Intraday bias remains on the upside for the moment. Break of 0.8705 will target next long term resistance at 0.8806. Break of 0.8620 minor support will suggest short term topping and bring pull back to 4 hours 55 EMA (now at 0.8557) and below.
Rise from there should develop into a medium term move and target at least 61.8% retracement of 0.9799 to 0.6935 at 0.8705. Sustained trading above there would pave the way for a test on 0.9799 high.
EUR/AUD A short term bottom is in place at 1.4404 and further rise would be seen to 1.4905 resistance. Break will confirm near term reversal and turn outlook bullish for 1.5644 resistance.
Break of 1.6250 will be the first sign of resumption of up trend from 1.1602 and break of 1.6587 will target 61.8% retracement of 2.1127 to 1.1602 at 1.7488.
GBP/JPY Sustained break there will resume the larger down trend from 195.86 to next projection level at 122.71. On the upside, above 132.52 minor resistance will turn bias back to the upside and extend the consolidation pattern from 128.86 instead.
There is prospect of retesting 116.83 (2011 low). On the upside, break of 154.70 support turned resistance is needed to be the first sign medium term bottoming.
EUR/CHF Stays neutral for the moment. Break of 1.0943 resistance will extend the rebound from 1.0620 low. That will also be an early indication that whole fall from 1.1198 has completed and turn focus to 1.1011 resistance first.
Fall from 1.1198 might now develop into a medium term down trend.
EUR/USD Consolidation pattern from 1.0911 is still in progress and is having another rise. Break of 1.1233 will target 100% projection of 1.0951 to 1.1233 from 1.1042 at 1.1324. We'd expect strong resistance below 1.1426 to limit upside.
Below 1.1130 minor support will turn bias back to the downside for 1.1042 support instead. Price actions from 1.0461 are viewed as correction to fall from 1.3993. Break of 1.0461 will extend the decline from 1.3993.
USD/CHF The outlook is unchanged. Price actions from 0.9443 low are forming a consolidation pattern. And that means, decline from 1.0327 isn't over yet. Break of 0.96321 will target 0.9520 support next. On the upside above 0.9842 will bias back to the upside for 0.9949/9520 resistance zone.
Rejection from 0.9955 resistance suggests that it's still in progress for another low below 0.9443.
USD/CAD Corrective rise from 1.2460 could have completed at 1.3251 already. Further fall should be seen to 1.2654 support first. Firm break there will bring retest of 1.2460 low.
Above 1.3079 minor resistance will dampen this bearish view and turn focus back to 1.3251 resistance instead. Price actions from 1.4689 medium term top are seen as a correction pattern. Such correction could still extend lower and below 1.2460 will target 50% retracement of 0.9406 to 1.4689 at 1.2048, which is close to 1.1919 medium term support.
AUD/USD Overall outlook is unchanged that rise from 0.7144 is seen as a corrective move. Strong resistance is expected between medium term channel line (now at 0.7776) and 0.7833 to limit upside.
On the downside, below 0.7620 minor support will turn bias to the downside with focus on 0.7419 support. Break there should confirm near term reversal. Break of 0.6826 low will confirm this bearish case and target 61.8% projection of 0.9504 to 0.6826 from 0.7833 at 0.6178 next.
