Forex Trades
FX Daily Majors
Today’s highlights: – EURUSD: Break above 1.3140/72 resistance zone signals trend continuation higher towards 1.3284/1.3388, and then 1.3487.
FX G10/EM Morning Trader Views
EUR – Sept highs still in play, this 1.3170/90 level is key for now. 100dma crossing up through the 200dma at the moment – take the chart back 5 years and this has been fairly defining in terms of ensuing trends.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Advance continues towards the flagged resistance zone of .8150/66. We continue to expect an eventual breakout through here to complete a major base, for .8263 first.
FX G10/EM Morning Trader Views
EUR – Barring 1 big sell order yesterday which caught the mkt offside, as we backed off from 1.31, eur remains bid. We saw strong demand from all sectors yesterday between 1.3050-90 area.
FX Daily Majors
Today’s highlights: – EURUSD: Advance continues higher towards 1.3127 and then 1.3140/72. A break above the latter area allows the upward trend continue towards 1.3284 and then 1.3388.
FX Daily Crosses
Today’s highlights: – EUR/GBP: The focus remains on .8150/66 as the rally off .8033/4 continues to gather momentum. Above .8150/66 completes a major base for .8263 initially.
FX G10/EM Morning Trader Views
EUR – Grinding it out as mkt dragged back into buying eur first as we take out lvls at 1.3020/50 and then back on action from FED.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Recovery effort off .8033/4 chart/retracement support continues, and we look for the market to advance higher back up through .8084/.8111 to retest .8150/66.
FX Daily Majors
Today’s highlights: – EURUSD: Break through 1.2974/2 resistance secures a base and allows the market to continue gains back towards range highs at 1.3127/40/72 eventually.
FX G10/EM Morning Trader Views
EUR – Headline pair still trades very bid at the moment as a consequence of today’s FOMC but also of the Asian recycling of USDs which the market is wary of increasing in frequency and size leading into year end.
FX Daily Majors
Today’s highlights: – EURUSD: Rebound now back probing the 38.2% retracement and chart resistance zone of 1.2972/4. A breakout above here is required to allow for an advance back towards 1.3127.
FX G10/EM Morning Trader Views
EUR – 1.2875/80 continues to provide the key support holding again yesterday in asia/ldn sessions despite the big rally in Italian yields.