Risk aversion returns as Euro threatens 1.3000 level

By TraderVox.com

Tradervox (Dublin) – Euro continued its downslide against the US dollar during the US session as Euro is threatening the 1.3000 level. The pair is currently trading around 1.3025, down about 0.43% for the day. The support may be seen at 1.3000 and below at 1.2950. The resistance may be seen at 1.3060 and above 1.3100. The pair tried to pull back during the European session but the pullback was shortlived as it lost all the gains.

The Sterling Pound has the 1.5700 handle and is currently trading around 1.5675, down about 0.21% for the day. The support may be seen at 1.5650 and below at 1.5600. The resistance may be seen at 1.5700 and above at 1.5760. Like Euro, the pound is also under pressure in the US dollar strengthening move.

USD/CHF rallied above the 0.9300 levels with risk aversion sentiment across the board. It printed a high of 0.9329, the levels last seen during the late January. The pair is trading near the high at 0.9320, up about 0.96% for the day. The resistance may be seen at 0.9350 and above at 0.9400. The support may be seen at 0.9300 and below at 0.9250 levels.

The USD/JPY is approaching the 84 levels and printed a fresh high of 83.81 during the US session. The pair is trading near the high at 83.77, up more than a perccent for the day. The resistance may be seen at 83.80 and 84.30. The support may be seen at 83.30 and below at 83.

The downtrend in AUD/USD pair has brought the pair near the 1.0400 levels as it prints a fresh low of 1.0426. The pair is trading 1.0440, down about 0.92% for the day. The support may be seen at 1.0420 while the resistance may be seen at 1.0450 levels.

The US dollar index is trading near the 81 levels.

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