Technical Analysis
Daily Technical Report
EUR/USD continues to bounce after havingposted a new lower low at 1.3509. Hourlyresistances are given by the declining trendline(around 1.3620) and 1.3650 (16/01/2014 high).
CAD & AUD is getting all the heat while GBP basks in the sun
EUR/USD: It’s not here action is at the moment. The most recentdirectional information was two sets of near-term bearishimpulses intersected by a correctional structure.
Daily Market Technicals
EUR/USD stalls below 100-DMA at $1.3580, now initial resistance alongside lows of Jan 15/16 at $1.3582/83, bulls look to close above to retest former July support line at $1.3638 however risk remains to
Daily Technical Report
EUR/USD’s bounce near the support at 1.3524has thus far been weak. Hourly resistances standat 1.3583 (16/01/2014 low) and 1.3650(16/01/2014 high, see also the decliningtrendline).
AUD & CAD corrections are taking place
EUR/USD: Buyers keep responding in the low 1.35s but there is still a1.3580 cap in place. One side has to give to show the way.Intraday stretches are currently located at
Daily Market Technicals
EUR/USD is leaving higher highs and lows after bouncing from support just above the $1.3500 level – bears aim to retest this key level however bulls eye former July support line at $1.3632.
Daily Technical Report
EUR/USD remains in a corrective phase after itsfailed attempt to break the resistance at 1.3832(25/10/2013 high), as can be seen by the recentlower lows. Monitor the bounce attempt nearthe support at 1.3524.
AUD under pressure, NZD bid again & EUR/JPY rechecks resistance
EUR/USD: A descending line of support has formed. But old support inthe mid-1.35s is seemingly acting as resistance. There arequite a few refs to reclaim to get the short-term key refabove at 1.3700 back in sight.
Daily Market Technicals
EUR/USD now holds below the 100-DMA after breaking below the July support line on Friday – the 100-DMA is initial resistance at $1.3572 and bulls aim to break back above to retest the former support line at $1.3626.
Markets Outlook – High TWI Fails to Suppress CPI Inflation
Even with today’s stronger than expected Q4 CPI, when we weigh everything up, we still come down on the side of the RBNZ having to adhere to its word, of leaving the start of its stimulus-removal campaign until its March Statement,
Technician
EUR/USD: Momentum is now tilted towards decline. Consolidation around 60-day moving average is still possible (200-day/20-day moving average range),
Daily Technical Report
EUR/USD remains in a corrective phase after itsfailed attempt to break the resistance at 1.3832(25/10/2013 high), as can be seen by the recentlower lows.