Forex Analysis

EUR/USD Analysis

The pair started at $1.1341 this morning and hitched a ride from reported comments

The pair opened at Y117.61 and marked small gains to Y117.72 in the opening few hours.

Ahead of this afternoon’s RBA Board outcome at 2.30, the AUD/USD has been given something of a leg up this morning.

It is ISM week globally, and it didn’t start well in China, though we’re always wary of over-interpreting

A tight coiling pattern in the Euro offers some hope that the situation

A minor upside breakout overnight offers the bull camp

While the SNB is reportedly circulating or fostering a fresh Swiss/Euro

In addition to the Dollar showing signs of becoming technically overbought,

The most the bull camp can claim is the ability to avoid a fresh lower

The Pound sits poised on a fresh downside breakout on the charts despite

When the SNB discontinued the currency cap on January 15,

Regional PMIs surprise positively CBs’ meetings in focus this week.