Forex Trades
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at 1.3310, the 38.2% retracement. Through 1.3394 initial resistance allows for a rebound back towards 1.3521.
FX G10/EM Morning Trader Views
EUR – Tried to break out the topside last week at 1.3480/1.35 and failed falling back towards the base of this 1.33/1.35 range – O/n the low has been 1.3326 in Asia and the focus is 1.3300/10 (last week lows 1.3306).
FX Daily Crosses
Today’s highlights: – EURGBP: Market remains capped by .8686 resistance and we continue to expect a decline back to range support at .8442. Below here targets .8364/50.
FX Daily Majors
Today’s highlights: – EURUSD: Decline continues with the market probing flagged support at 1.3310. We see scope for a break below here to challenge 1.3197 medium-term trendline support.
FX G10/EM Morning Trader Views
EUR – So eur unwound to the bottom of the 1.33-1.35 range yesterday on back of weaker eurozone gdp data but we held well at 1.3310/20 zone
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8686, importantly ahead of the .8718/9 hurdles. We still expect the market to reverse lower to target .8442 chart support once again.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at 1.3521 results in reversal lower, in turn keeping the corrective phase alive for now. Risk now back to 1.3329/10 once again, and below targets 1.3180.
FX G10/EM Morning Trader Views
EUR – Disappointing fail yesterday to break and close above that 1.3480 – a print at 1.3520 unwound by a headline in Bild regarding ecb concerns over recent strength.
FX Daily Crosses
Today’s highlights: – EURGBP: Rebound back challenging topping trendline resistance at .8632. We expect a reversal lower from the upper end of this current range and for a decline lower to .8364/50.
FX Daily Majors
Today’s highlights: – USDJPY: Failing within the 95.00-94.13 key resistance zone, after the market finds a cap at 94.45. The focus shifts lower to 91.98, and then 90.33.
FX G10/EM Morning Trader Views
EUR – Squeezed mkt out yesterday of weak shorts taking out the 1.3430/50 area but stopping short of breaking 1.3480. Selling dominated above 1.3450 from lev and RM a/cs.
FX Daily Crosses
Today’s highlights: – EURGBP: Rebound higher from support found at .8442 turns the focus higher for .8642 trendline resistance, which is expected to cap the market. We continue to target .8364.