Euro and dollar

Eurusd is currently trading at 1.3370. Euro index is at a little intraday resistance 107.00 seen on m15 chart.

 

Bigger picture view:

 

Dollar index currently at intraday support 79.30. It bounced from this level yesterday, but failed to pass 80.00. This could be a second attempt to try break 80.00 and move higher. Support is also a 38.2% fibonacci retracement and yesterdays low.

Usdchf is back near the up trendline on h4 timeframe. Testing the support level it created yesterday.

Update: indexes reacted to the levels

Interesting levels

Audusd reached 9940 (previous source of strong drop) and its reacting to this level. Possible target around 9700.

Usdchf trading close to the lower channel band on h4 timeframe.

Fridays levels (http://forexoholic.blogspot.com/2010/12/nfp-friday.html) are playing out on euro and dollar (euro index at supply, dollar at demand + 38.2% fibonacci).

Dollar situation

  

Dollar index has arrived to its first target - 80.00. This is a little level where it dropped from previously (you can see it on h4 chart presented). Plus there is another level just above it, 81.00 - 81.50, which could put even more pressure to the downside.


Usdchf is trading in a channel, currently under the upper channel band and some minor resistance, as well as key 1.000 level.