GBP/USD: The most recent bout of bearish consolidation has been broken, with declines below critical psychological barriers by 1.5000 now exposing next psychological support by 1.4500 further down.

AUD/USD: The current rally out from 0.8580 is classed as corrective and we look for a lower top now ahead of 0.9200, which also loosely coincides with the 61.8% fib retrace off of the 2010 high-lows.

FXstreet.com (Barcelona) – The Euro’s recovery against the Dollar from 1.3630 intraday low, reached in the early European session, has continued throughout the session to test 1.3700 level. Currently the EUR/USD has retreated to 1.3680, trading 0.10% below today’s opening price action at 1.3695.

After a strong move down, the EUR/USD seems to be taking a breather and trading within a range. The reason can be found here on an economic calendar at DailyFX.

GBP/USD: The most recent bout of bearish consolidation has been broken, with Thursday’s declines below 1.5350 opening a fresh downside extension which now eyes critical psychological barriers by 1.5000.

AUD/USD: The current rally out from 0.8580 is classed as corrective and we look for a lower top now by Tuesday’s 0.9075 high, which also loosely coincides with the 61.8% fib retrace off of the 2010 high-lows.

FXstreet.com (Buenos Aires) – EUR/USD Current price: 1.3545. Strong came back from 1.3450 low, reached early in the American session, had left the pair in a probable double bottom clear on daily charts that will anyway need a break above the 1.3700 level, to be confirmed.

There seem to be a lot of comments and opinions emanating from the EU on the Greek situation despite the 30-day cooling off period but the EUR/USD continues to hold up quite well.

The Bank of England is widely expected to hold the benchmark interest rate at 0.50% and is likely to maintain its GBP 175B asset purchase program as the board anticipates economic activity to improve throughout the second-half of the year, and the central bank may adopt a neutral policy stance going forward as the extraordinary efforts work their way through the real economy.

FXstreet.com (Barcelona) – The Aussie has risen back during the European morning against the Greenback from 0.8563 to test 0.8600 level. AUS/USD bounced at its intra-day low coming from its 100 pips decline from 2009 highest level at 0.8660.

FXstreet.com (Córdoba) – The recovery of the Dollar against the Euro found support at 1.4485. EUR/USD rebounded and now is back above 1.4500. The pair rose early to 1.4532 posting a fresh high for the year.

FXstreet.com (Buenos Aires) – EUR/USD Current Price: 1.4498. Pair remains strongly bullish despite overbought, with downside capped by the 1.4470 area 20 SMA in the hourly with a strong bullish slope; hourly charts point for a downside correction, favored by Nikkei opening to the downside 0.5%, although any downside movements should remain short lived in the pair; under mentioned area, 1.4445 …

FXstreet.com (Córdoba) – Cable failed in the last hour to confirm levels above 1.6600 and fell below 1.6500 to 1.6460 (lowest price of the American session). From there GBP/USD rebounded to 1.6510. Currently the pair is testing the lows of the session.

Not much information on market flows so far this morning so I’m left to surmise on what’s moving the market. Early buying flows in AUD/JPY and NZD/JPY look like the culprit in thin markets, with NZD/USD now fast approaching it’s .6885 high from last week where there are bound to be some stops.

FXstreet.com (Córdoba) – The Pound is recovering at a slow pace against the Dollar. GBP/USD is now back above 1.6150 after falling below 1.6100 to 1.6093 reaching a fresh 3-week low. Despite the recent recovery, the pair is still down more than 0.75% from today’s opening price.

The Cable is moving with no clear direction. GBP/USD failed to break above the intra-day high at 1.6575. Currently, the pair is at 1.6525, which is 0.15% above today’s opening price but at the same levels it had at the beginning of the American session. On the downside, the pair has support at 1.6500 (intra-day low) and 1.6470. Read more…

After testing the zone of 1.4080 several times during the day, the Euro finally broke out. EUR/USD rose to 1.4099, hitting a fresh intra-day high. The pair is 0.20% above today’s opening price. The next resistance is located at 1.4115. Read more…

The Greenback rose across the board after the FED decision to leave rates unchanged. EUR/USD fell below the intra-day low at 1.3950 to 1.3910. Below there, the next support lies at 1.3880. GBP/USD fell below 1.6400 to 1.6385 (intra-day low). The pair was at 1.6470 before the FOMC release. USD/JPY rose, reaching a fresh intra-day high at 96.00. Read more…

The greenback sold off against all its major rivals Tuesday on a bounce back of oil prices and some adjusting positions ahead of the FOMC decision Wednesday. In addition, Euro zone and US data, including German confidence and the Richmond Fed manufacturing index, continue to be encouraging, triggering some risk appetite across the board. Probably one of the most important factors that helped send the Euro to the 1.4100 level was that ECB members indicated that their easing streak was over. Read more…

The Dollar has fallen hard today. In the last hours, it was able to recover a small part of its losses. EUR/USD found support at 1.4070 after pulling back from 1.4105. The Euro was able to finally break above 1.4000 on Tuesday. The current price at 1.4080 is 1.63% above today’s opening price. Read more…