The USD is stronger across the board, even against Japanese yen, as equities retain a negative tone and risk appetite remains thin ahead of the US data to be release in about 30 minutes or so. Europeans are testing key support/resistance zones, yet closer to start a more interesting correction favoring greenback that runing back higher. Of course, Durable Orders will define that.

EUR/USD has supports at current 1.4270 area, and 1.4240, GBP/USD supports are at 1.6200/20, ahead of 1.6160, while USD/CHF needs to clear 1.0655 to reach the 1.0700.

Resistances on the other hand for EUR/USD are at 1.4300, 1.4340 and 1.4375; for GBP/USD at 1.6310, 1.6350 and 1.6400; supports for USD/CHF are at 1.0620 1.0580 and 1.0580. 

Sorry for the lack of post today! I’m having some issues here with the software to edit and publish the blog. You can check today’s levels in this hourly report I write an hour ago.

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-06-15.v03.html

Let’s see if i can add some more in the next hours!

EUR/USD Current price: 1.3622

 Pair is tending lower after worst than expected data both in Europe and the U.S. trigger some risk aversion across the board. Both Momentum and RSI cut their central lines and kept the bearish slope suggesting further losses in the pair, thus 1.3557 remains the key level to the downside, and only a clear break under could trigger more sells in the pair. Price is under the 20 SMA that lost bullish slope and turns flat, better see it turning down. Break under mentioned key level could drag the pair close to 1.3470 in the term, 200 EMA.
Support levels: 1.3686 1.3657 1.3610
Resistance levels: 1.3648 1.3690 1.3710
GBP/USD Current price: 1.5120
BOE’s statement triggered a downside rally that halted around just around the 1.5115 tough zone we have been following these past days. Also in that zone, we have an ascendant 4 hours trend line coming from the 1.4702 lows, and the pair is having a hard time to break under. Indicators in the hourly seem exhausted, suggesting a probable upside correction in the line holds. 20 SMA has turn bearish and bigger time frames support further losses in the pair. Watch for a confirmation under this zone.
Support levels: 1.5110 1.5080 1.5015
Resistance levels: 1.5148 1.5190 1.5245

Full report and charts, could be seing following this link:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2009-05-13.v03.html

The Usd/Chf is fighting the 4 hours ascendant channel base, and attempting to break lower: turn the 4 hours chart into 1 hour one. A candle opening under 1.2040, will probably trigger more selling pressure there, as the zone between 1.2040/55 seems to be a really tough support. Besides, some optimism is turning stocks higher, although nothing is defined yet there. Above 1.2095 the bearish lost strength at least for today.