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EurUsd Strong support at 1.2707 (Feb 2nd low) is broken as continued gloom and doom surrounds the Euro. We see strong momentum towards 1.2553 (Dec 4th low) with an eye on 1.2651 and 1.2707 as retracement levels (23.60% and 50.00% on Fibonacci retracement).

GbpUsd Continued pressure on 1.4142 as Sterling fails to counter dollar strength – level will probably be tested several times before giving way to 1.4053 with 1.3506 as a mid-term target. On the upside 1.4311 (38.20% on Fibonacci retracement) then 1.4499.

UsdJpy Yen strength has subsided somewhat, 92.44 stands as initial resistance, however we see 92.78 capping recent move – a break at this level would pave the way for a renewed upward bias towards 94.65 (Jan 6 high). Intraday support stands at 90.76 – long-term support remains at 87.12.

UsdChf Swissy’s moves are more subdued than other majors, strong resistance at 1.1784 (Jan 10th high that we have tested again today) – a break of this level allows us to aim for 1.2308 in the long-run. Intraday support stands at 1.1591 with mid-term support at 1.1508.

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eurusd here i come