Forex Trades
FX G10/EM Morning Trader Views
EUR – Another day of chopping/consolidation stuck 30 pips either side of 1.29 – My view remains unchanged with a bias to the topside – I remain long looking for an eventual break of 1.2970/1.30 to confirm the recent selling pressure is over and we again target a deeper squeeze.
FX Daily Majors
Today’s highlights: – EURUSD: Range-bound going into the ECB. We expect 1.2803 support to hold firm with breakout risk higher for 1.3048 and then 1.3172.
FX Daily Majors
Today’s highlights: – EURUSD: Prod above 1.2960 is capped at 1.2970 for now but broader recovery risk still intact whilst above 1.2803/1.2740 support zone for 1.3172.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Recovery commences off .7923 support with the market threatening to break out above .8010. We remain bullish for .8115 first.
FX G10 and EM Morning Trader Views
EUR – Stable o/n holding 1.2875/80 (yesterdays dip lows) supporting by some decent demand from custodials and euraud buying from spec and lev
FX Daily Majors
Today’s highlights: – EURUSD: Support found at 1.2803 trendline support ahead of the 1.2740 38.2% retracement. We expect a breakout above 1.2838 to allow for risk up to 1.3048 initially, then 1.3172.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Basing efforts continue to unfold, and whilst above .7910/.7893 support zone we expect further upside to .8115 initially.
FX G10 and EM Morning Trader Views
G10 EUR – Eur rallies continue to be sold and Friday was no different – we topped at 1.2960 after a woefully weak attempt at breaking that 1.2970 lvl that defines this recent downtrend –
FX Daily Majors
Today’s highlights: – EURUSD: Reversal on Friday from resistance found at 1.2838 turns the focus lower to the 1.2740 38.2% retracement which is expected to hold.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Still holding above .7910 trendline support as the market continues to develop a base. We expect upside to .8115 initially.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Basing efforts unfolding with the defence of .7910 trendline support. We expect an advance from here back to .8115/9 then .8157.
FX Daily Majors
Today’s highlights: – EURUSD: Holding the 1.2836/29 support cluster we expect a break above trendline resistance now 1.2920 followed by an extension higher to 1.3048 first.