Technician

EUR/CZK
Momentum changed to neutral, it still is not pro-growth. This increases likelihood of consolidation below 25.80 level.

EUR/PLN
Momentum is generally pro-decline; declining trend may continue. Only problem is MACD, which increases likelihood that decline will be slow.

EUR/HUF
Momentum has remained pro-decline. There is still enough room for continuation of declining trend.

EUR/RON
Momentum is almost neutral. Continuation of consolidation is most likely technical scenario.

EUR/TRY
Upward momentum weakened (ROC50 is exception). Continuation of consolidation seems likely.

EUR/USD
Momentum is still clearly pro-growth, but euro has remained close to overbought. There is limited room for further growth (probably not above 1.38 level), but consolidation is most likely technical scenario.

EUR/JPY
Momentum is somewhat tilted towards growth. Further consolidation seems likely in near future, but there is increasing likelihood of upward pressure.

EUR/CHF
Consolidation below 1.24 level seems likely.

Gold
Momentum is slightly pro-decline. Consolidation may continue for some time. Pressure on lower bound is currently somewhat more likely.

Read the full report: Technical Research

 

Erste