Intraday EUR/USD: The euro remains bearish, but is trying to stage a minor recovery Thursday morning. $1.4520 minor resistance is being eyed and, above it, $1.4570, August’s low. Minor support is found around $1.4466, Tuesday’s low, and more significant support at $1.4365, this year’s low, made in January. Further support is seen around $1.4310, the December low.
Weekly chart EUR/USD trend: Bearish.

Intraday USD/JPY: The dollar is slipping again, and is approaching Y107.62 minor support, Monday’s low. A decline through this has $107.23, the 50% Fibonacci retracement of the July-August advance, in sight. Minor resistance remains at Y108.35, the Aug. 13 low.
Weekly chart USD/JPY trend: Capped.

Intraday GBP/USD: Sterling found support at $1.7670 Wednesday, and is now in the vicinity of $1.7803, late April ‘06’s low. In case of an advance above this, $1.7837 resistance will be eyed. This level corresponds to Wednesday’s high. Minor support is found around $1.7670, and between $1.7638 and $1.7623. The latter two levels are late January ‘06’s low and March ‘06’s high.
Weekly chart GBP/USD trend: Bearish.

Intraday USD/CHF: The dollar has fallen back to the CHF1.1030 minor support area, a slide through which has CHF1.1010, Tuesday’s low, in sight. Minor resistance is seen around CHF1.1055, and at CHF1.1098.
Weekly chart USD/CHF trend: Bullish.

Intraday EUR/GBP: The euro has made a new all-time high at GBP0.8183 early Thursday, which is unlikely to be surpassed this week, however. Instead a gradual retracement towards GBP0.8138 minor support should unfold once the currently probed GBP0.8150 support area has given way. Minor resistance is seen at GBP0.8168.
Weekly chart EUR/GBP trend: Bullish.

Intraday EUR/JPY: The cross remains bearish and might well retest Y156.34 minor support, the Apr. 1 low. In case of a decline through it, Y156.06, late March’s low, will be in focus. Minor resistance remains at Monday’s Y157.55 low, and at mid-April’s Y158.25 low.
Weekly chart EUR/JPY trend: Bearish.

Intraday EUR/CHF: The euro continues its descent, tumbling towards the psychologically-important CHF1.60 mark. Below this, support is seen around CHF1.5990, July’s low, and around CHF1.5958, early April’s high. Minor resistance comes in at Thursday’s CHF1.6043 intraday high, and is still seen around CHF1.6096, August’s low.
Weekly chart EUR/CHF trend: Capped.

Intraday AUD/USD: The Australian dollar seems to have “hammered out” a minor bottom by making a hammer formation on the daily Japanese candlestick chart Wednesday. It now targets US$0.8398 minor resistance, and should continue to do so as long as CHF0.8321 second support holds. First minor support is found around US$0.8350. Weekly chart AUD/USD trend: Bearish.

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