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The selling pressure increased in the morning on Tuesday. EUR/USD pushed away from 1.1900 and edged lower. As a result the price broke the EMA50 and stopped half way to 1.1850. The resistance resides at 1.1900, the support comes in at 1.1850.

Sellers made another step on their way down. They are free now to drive the price towards 1.1850 where the EMA100 lies.



The pound remains heavily offered on Tuesday. Sellers met an obstacle at 1.2900 and are struggling with buyers now to push the price lower. The resistance lies at 1.3000, the support comes in at 1.2900.

The risk remains towards the downside, with a probable break below 1.2900.



The night recovery stalled around 109.80. The US dollar sharply dropped after that and softened towards 109.00.  The resistance lies at 110.00, the support comes in at 109.00.

If the selling pressure persists bears may drive the market to 109.00 in the coming sessions.

We recommend going short with the first target – 109.00. When the price consolidates below the first target it may dip to the level 108.00.



Sellers extended bearishness on Tuesday and drove the price to the next support level at 141.00. The resistance lies at 142.00, the support is at 141.00.

A break below the current support will suggest further easing towards 140.00.



The bearish trend remained intact on Tuesday. The increased selling pressure accelerated the pair’s losses. As a result, the single currency sharply dropped and tested 130.00. However, the EMA100 and EMA200 slowed down sellers' attack. The resistance lies at 130.50, the support lies in at 130.00.

If we see a close below 130.00 we will sell towards 129.50. A daily close below the level will open the door towards 129.00.



A bout of fresh buying interest emerged in the night and helped the AUD to recover some traction. The major pushed away from 0.7950 and advanced towards 0.8000 .The resistance is at 0.8000, the support stands 0.7950.

Even though the upward structure remains in place buyers’ inability to break above 0.8000 may turn this market down. If the spot break below 0.7950 together with EMA50, EMA100 and EMA200, the AUD/USD pair may soften to 0.7850.



DAX opened bullish on Tuesday. The index started the day at 12100. The price jumped to 12200 right after opening. The benchmark tested the 12200 level in the mid-European session. The resistance lies at 12200, the support exists at 12100.  

Buyers keep trying to reverse their recent losses pushing DAX to 12300. The level 12200 prevents buyers from going higher. A cut here will open the way towards testing the hurdle.



Buyers continued building on a recovery on Tuesday. S&P500 reached 2470 and is battling with the hurdle now. The resistance lies at 2740, the support exists in at 2460.

In the scenario where the buyers keep control the index will advance to 2480.

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