Technical Analysis
Daily Market Technicals
EUR/USD failed to break above the 21-DMA and left a double-day high at $1.3685 – bulls will aim to break above, however bears likely target the July support line again,
Technician
EUR/USD: Momentum is roughly neutral. Consolidation around 60-day moving average is likely (200-day/20-day moving average range).
Daily Technical Report
EUR/USD moved significantly higher last Fridayand is now challenging the resistance at 1.3677(see also the 38.2% retracement). A short-termbullish flag could be underway,
More €/JPY & NOK/SEK losses, NZD in demand.
EUR/USD: With the 1.3550/70 support now thoroughly tested themarket will most likely spend some time in roughly a 1.3570– 1.3770 range before making a new attempt to break lower.
Daily Market Technicals
EUR/USD looks bullish in the short-term after bounce from July support line which is key support at $1.3588. Bears look to retest but we note daily studies show the potential to reverse higher,
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.
€/$ congestion before lower. €stoxx50 double top?
EUR/USD: Despite the downturn and a fresh low a few points beneaththe 1.3550/70 support zone sellers were unable to followthrough.
Daily Market Technicals
EUR/USD now back above Jul 9 support line at $1.3582, a level which bears likely aim to test again, but key support is now seen as the 100-DMA at $1.3548 as it held the downside yesterday.
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.
Falling commodity ccy’s. USD/Scandies bid.
EUR/USD: The market yesterday with a slim margin closed below the55d ma band hence posting yet another bearish message.
Daily Market Technicals
EUR/USD closed below the 50.0% of $1.3296-1.3893 but edged back above the July support line which is now at $1.3576. Bears will aim back below to continue the downward slide,
Daily Technical Report
EUR/USD has broken the support at 1.3621(06/12/2013 low). Coupled with the falsebreakout of the key resistance area between1.3811 (11/12/2013 high) and 1.3832, a doubletopis likely underway.