Forex Trades
FX G10/EM Morning Trader Views
EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region.
FX Daily Majors
Today’s highlights: – NZDUSD: Aggressive breakout higher results in the market advancing up to the chart resistance hurdle of .8350. We look for continuation in upside through here to .8418.
FX Daily Crosses
Today’s highlights: – EURSEK: Market completes a bullish flag pattern off 8.3130 support after breaking above resistance at 8.3559.
FX Daily Majors
Today’s highlights: – GBPUSD: Threatening neckline resistance located at 1.5200, as well as the key cluster of resistance at 1.5223/33/68. Increasingly risk of a break higher to 1.5519.
FX G10/EM Morning Trader Views
EURUSD – Nasty squeeze yesterday as mkt makers and spec guys reduced their positioning in anticipation of a deal/resolution in Cyprus.
FX Daily Crosses
Today’s highlights: – EURGBP: Focus remains to the downside for a test of the .8442/11 support cluster after breaking .8571/6 neckline support.
FX Daily Majors
Today’s highlights: – EURUSD: Market breaks through 50% retracement at 1.2876 and then 200 DMA, allowing for the decline to persist lower for 1.2662.
FX G10/EM Morning Trader Views
EURUSD – So corporate buying strong again yesterday but the demand all filled as mkt got increasingly concerned on how things would play out in Cyprus
FX Daily Crosses
Today’s highlights: – EURGBP: Risk skewed to the downside for a test of the .8442/11 support cluster after breaking .8571/6 neckline support.
FX Daily Majors
Today’s highlights: – EURUSD: Focus is still on the 1.2880/76/73 throwback/50% retracement/200-day MA support cluster. Ideally this continues to hold, but below warns of risk to 1.2662.
FX G10/EM Morning Trader Views
EURUSD – No follow through on the move lower in Asia yesterday – some heavy corp demand stemming the downward pressure and ensuring we held well above the 1.2880 support lvl.
FX Daily Majors
Today’s highlights: – EURUSD: Poised at key throwback/50% retracement/200-day MA support zone at 1.2876/70. Ideally this holds with recovery risk to 1.3319, but below sees the decline continue for 1.2662.