Forex Trades
FX G10/EM Morning Trader Views
EUR – focus this week will be the EC meeting on 18th/19th, until then I expect the downward pressure to remain on the single ccy with this grind lower to persist.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Support found at .8022 signals the correction was shortlived, and we expect an advance through .8103/15 to target .8157 initially.
FX Daily Majors
Today’s highlights: – EURUSD: Bullish outside reversal day off the 200-day average signals a recovery is underway for 1.3074 to 1.3172/8 initially.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at the 200-day average at 1.2823, importantly ahead of the 1.2803 range low. We are turning bullish for 1.3074, then 1.3172.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Market posts a bearish outside day, suggests correction set to continue to .7978. Broadly, we still see risk higher through .8103/15 to .8115 and then ultimately .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes the key 1.2803 chart support level and then the 38.2% Fibonacci retracement of 1.2740. – GBPUSD: Testing the key 1.5959/60/66 support cluster. We look for a rebound from this support zone higher, back towards 1.6217. However, below would expose 1.5873/25.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Stalling at .8100 trendline resistance. We expect corrective weakness to find support at .8025. The bias remains broadly higher through .8115 to .8157 then .8263.
FX Daily Majors
Today’s highlights: – EURUSD: ‘Evening star’ reversal pattern turns the focus back on trendline support now at 1.2916. We expect a break below here for 1.2803/1.2740 support.
FX Daily Majors
Today’s highlights: – EURUSD: Reversal on Friday from resistance found at 1.3074 ahead of the 78.6% retracement of 1.3093 turns the focus lower once again, with risk back to 1.2803/1.2740.
FX G10/EM Morning Trader Views
EUR (1.2979) – we open this morning on the first support level of the day, this 1.2965/75 region was the ‘break-up’ level on Wednesday having failed to clear this a number of times prior.
FX Daily Majors
Today’s highlights: – EURUSD: Advance set to continue through 1.3048 interim resistance for a test of the 1.3172 high. – GBPUSD: Aggressive upside reversal suggests a return through 1.6274 to retest the 1.6310/20 longer-term resistance zone.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Break above .8010 resistance allows for risk up to .8101 trendline resistance and then .8115. Longer term we reiterate our .8263 target.