EURUSD once again looking towards 1.5000 level

EURUSD after taking a dip to 1.4630 resumed upward move and has broken
an important level at 1.4855 and now it seems to be heading towards
1.5000 once again.

1.4855 level has now become a good support and we might see mostly
entries around that level for initial target around 1.5000 level,
break of which will set 1.5100 as next target.

The RSI is just above 55 and will support upward move towards and even
above that with any resistance.

EURUSD gathering space to test 1.4630 level

EURUSD took a good dip and touched its target at 1.4630 and after that
is taking retracement and perhaps gathering some breather to test
1.4630 level once again.

Break of 1.4630 will really setup long term selling for EURUSD and we
might see long term traders holding positions for larger targets
around 1.4350 level.

Currently we see good selling opportunities in EURUSD and first such
selling levels are seen just above 1.4725 level and second selling
level are seen around 1.4800 level.

AUDUSD looking to take a dip below 0.8800 level

AUDUSD has settled into a nice downward trend and currently present
around a very important level at 0.9000 and it seems that it will
gradually drop below 0.8800 level.

A good selling level is present around 0.9080 level and if it manages
to break above 0.9200 level, then reversal of position will be
indicated.

On the lower side, not much support can be seen before 0.8800 level
and therefore it can be said that we should expect nice move below
0.8800 level and then 0.8680 seems the next target for AUDUSD.