Technical Analysis
Daily Technical Report
EUR/USD has broken the support at 1.3508(see also the steeper rising trendline), openingthe way for a further decline towards the 200 daymoving average (around 1.3380).
EUR retreating, USD & JPY advancing.
EUR/USD: The new Friday low didn’t become minor at all as the marketcontinued to trade in a very heavy way. The past days priceaction also made January end
Daily Market Technicals
EUR/USD held below the Sept 6 support line and declined to the daily Bolli band base – bulls may still aim to retest the support line at $1.3565 as initial resistance, however,
Weekly Forex & Interest Rate Outlook
Despite a probable RBNZ interest rates hike on 13 March, markets have picked on the NZD to express negative sentiment towards risky assets globally.
Daily Technical Report
EUR/USD declined sharply yesterday and isnow close to its support at 1.3508 (see also thesteeper rising trendline). An initial resistance liesat 1.3559 (intraday high).
Daily Market Technicals
EUR/USD collapsed to the Sept 6 support line and has moved below today – it turns into initial resistance at $1.3561 which bulls will aim to retest today.
Daily Technical Report
EUR/USD continues to post lower highs sinceits high at 1.3739. An hourly support area nowstands between 1.3603 (29/01/2014 low) and1.3583 (22/01/2014 high).
Sell €/JPY above 140. Weaker SEK, NOK & PLN.
EUR/USD: So far this week each and every day has fallen below theprior day’s low point only to be immediately rejected andending in the upper end of the daily range.
Daily Market Technicals
EUR/USD left a long lower shadow after bears tested support down to the $1.3600 level but closed just below the open. Daily studies may reverse lower and bears retarget the 100-DMA at $1.3601,
Daily Technical Report
EUR/USD continues to drift lower after its peakat 1.3739. Hourly supports stand at 1.3625(intraday low, see also 50% retracement) and1.3583 (22/01/2014 high).
The loonie is stuck on a losing track. SEK tries to break resistance.
EUR/USD: Another lower daily high and lower low was addedyesterday, but buyers responded near the 8day “Tenkan-Sen” & Jab23 bullish benchmark candle mid-body point at1.3622.
Daily Market Technicals
EUR/USD declines slowly after bouncing from Sept 6 support line. Price action slips below the 38.2% of $1.3296-1.3893 and yesterday tested the 23.6% of $1.2755-1.3893 at $1.3624.