Forex Trades
FX G10 and EM Morning Trader Views
EUR – Holding nicely above the 1.3025/1.3045 resistance zone without really pushing on. Yesterdays break of 1.3050 resulted in a wave of profit taking from rm/lev and spec so it will be interesting to see how we respond today.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Advance continues higher for key neckline resistance at .8166. A break through here is eventually expected allowing for an advance higher to .8221 and then .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Probing key neckline resistance and the 78.6% retracement hurdle at 1.3050/63. We expect this area to cap the market, with risk back to 1.2880.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Lacklustre prod above .8114 prior resistance. The focus remains broadly higher for a test of the .8166 key neckline resistance hurdle. Above here sees .8221/63.
FX Daily Majors
Today’s highlights: – EURUSD: Removal of 1.3010 resistance implies a continuation higher towards 1.3140/72 resistance but we look for this to cap and for the range bound tone to continue.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Approaching .8114 initial resistance. We expect the upward trend to continue higher through here to challenge neckline resistance at .8166.
FX Daily Majors
Today’s highlights: – EURUSD: Support found at 1.2880 results in a rebound back up towards the key long-term trendline resistance hurdle of 1.3010. Above here is needed to expose 1.3140/72.
FX G10/EM Morning Trader Views
EUR – support at 1.2880 held perfectly yesterday as a quick headline saw waves of short covering with this showing no signs of slowing overnight.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Correcting back to throwback support at .8059. Whilst above trend support at .8027, however, the bias remains higher through .8114 to 8.166 and then .8221/63.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at long-term trendline resistance of 1.3010 suggests weakness back to 1.2868 and then the 200-day average at 1.2800.
FX G10/EM Morning Trader Views
EUR – Mkt seem to be leaning on bids 00/10 zone with stops awaiting below the 00 – yesterday definitely a buy the rumour of greek deal sell the fact with the inability of eur and eur x’s to break through important range highs across the board leading this sell off.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Consolidating after recent neckline break and push above the 200-day average at .8074. We see risk higher to long-term resistance at .8166. Above here signals a larger base, with risk up to .8221/63.