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Daily Technical Report

EUR/USD is holding the low implied byWednesday’s hammer. Coupled with theproximity of the key support at 1.3296,

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

EURUSD: The next attempt higher took place already on Friday (andwith the passing of 1.3399 the alternative path,

Stopped out of $JPY long. The long was initiated on a triangle breakout and double bottom breakout above 102.80 and

Markets were once again dominated by growing fear as geopolitical tensions intensified.

The lack of follow through on Friday’s spike above the 61.8% Fibo resistance and

A very quiet start to the week with no key data releases.

Aussie saw a quiet start to the morning today, as it opened at $0.9275 and spent the initial hours holding in a $0.9275 to $0.9280 range.

The pair closed in NY Friday at $1.6773, off session lows of $1.6767. Sterling came under pressure through Friday,

Friday’s bounce fell short of the $1.3445 resistance level with bulls needing a close above this level to confirm an easing of bearish pressure.

Stoxx50 fell just short of the March monthly low Friday before bouncing back towards the Bollinger band base (3012.4).

The pair opened at $1.3401 this morning, after it ended Friday’s US session at $1.3410 and