Forex Trades
FX Daily Crosses
Today’s highlights: – EUR/GBP: Reversal lower now probing the .8033 61.8% retracement. There exists a lot of support close by at .8019 and .8006/1, which we expect to hold.
FX G10/EM Morning Trader Views
EUR – Mkt seizing on the Monti news over the w/e to hit eur lower on the open – We currently holding this 1.2880/75 support zone that we held Friday on the post payroll sell off.
FX Daily Majors
Today’s highlights: – EURUSD: Market gains traction at the 1.2880 interim support level. We expect a rebound back up to 1.2974 interim resistance.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Prodding below .8059 interim support. We remain bullish for now, until a sustained breakdown is seen. We still expect a retest of key neckline resistance at .8166.
FX Daily Majors
Today’s highlights: – EURUSD: Sharp sell-off yesterday brings the market back to our target 38.2% retracement. Some overshoot below today, but the uptrend remains intact whilst above 1.2880.
FX G10/EM Morning Trader Views
EUR – Mkt caught offside with Draghi’s downgrading of growth/inflation forecasts yesterday and as we took out support at 1.3010/25 we dragged more people in – lev, rm and spec all hitting eur and eur x’s
FX Daily Majors
Today’s highlights: – EURUSD: Failure ahead of the 1.3140/72 resistance zone occurs as expected, with a corrective phase commencing for back to 1.2972/49 support initially.
FX G10/EM Morning Trader Views
EUR – ECB day has arrived and we have moved back into the range after a failure at that 1.3140 oct highs yesterday.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Upward trend persists higher and we expect the market to challenge the critical .8166 neckline resistance. Above here completes a base targeting .8263 initially.
FX Daily Majors
Today’s highlights: – USDJPY: Gaining traction ahead of the 81.64 chart support level. Some overshoot still a possibility, however, we expect the market to eventually target 84.19.
FX G10/EM Morning Trader Views
EUR – Yesterday tough to be long with the orderbook so skewed to selling between 1.3080-1.3130 however we walk in today with the orders all filled or gone to mkt leaving the orderbook topside much lighter.
FX Daily Majors
Today’s highlights: – GBPUSD: Upward trendline supports the market and results in a bullish trendline break through 1.6072. We remain cautious ahead of the 1.6176/82 resistance zone.