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The euro remained around its recent highs in the 1.1950 area during the night trades. A fresh buying interest emerged in the morning pushing the spot towards 1.2000. The single currency touched the level in the late European session. The resistance resides at 1.2000, the support comes in at 1. 1950.

Inability to retake the 1.2000 level may turn this market bearish. Sellers may return the spot to 1.1950 and 1.1900 in this case.



After unsuccessful recovery the pound turned bearish again. The pair attacked 1.3500 during the European hours, but failed to retake the level before the NY opening. The resistance lies at 1.3600, the support comes in at 1.3500.

The bullish momentum is likely to be regained. Bulls may return the spot to 1.3600 first, en route to 1.3700. However, the pound is under pressure due to overbought conditions. We will use this chance to buy the major lower.



The sentiment is firmly bullish in the market towards the dollar now. Buyers were able to push the price to 111.50 where the upward impetus lost steam. The resistance lies at 112.00, the support comes in at 111.00.

All eyes are right now at the mark 111.50. A cut through here will turn attention to the 112.00 level.



The pound extended its consolidation phase trading up and down between 151.50 and 150.00. The resistance lies at 151.00, the support is at 150.00.

We are still positive and expect a break above 151.00 any moment now.



The currency pair extended its near-term upward trajectory and approached 134.50. Buyers failed to regain the level at once and pulled back to gather steam. The resistance lies at 134.00, the support lies in at 133.50.

A move above the current hurdle will favor an advance up to the 135.50 region.



The AUD sellers came across buyers’ resistance around 0.7950. Fresh bids around the level pushed the currency pair away from the level. The price jumped to 0.8000 and struggled with the level during the first part of the day. The resistance is at 0.8000, the support stands 0.7950.

The EMA200 provided a decent support for the spot. If the buying impetus last long enough the AUD/USD pair may continue its recovery and 0.8035 soon. Alternatively, a lack of buying interest will return the spot to the red and may send it towards 0.7900.



DAX opened in the red on Tuesday. Sellers kept driving the index downwards the first part of the day and approached 12500 in the early NY session. The resistance lies at 12600, the support exists at 12500.  

If the price overcomes 12500 we will neutralize our medium term positive outlook. Once we break below the level, we think that the 12400 handle will be next.



Buyers managed to retake 2500 and are trying to fixate around the level. A bout of fresh buying interest pushed the benchmark to 2510 in the late European session. The resistance lies at 2510, the support exists in at 2500.

We believe the benchmark will continue its growth and will test 2510 in the short-term.

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