Technical Analysis
Weaker CAD & CHF noted. Looking for a EUR/JPY sell.
EUR/USD: Judging by price action the market remains in aconsolidation/correction in relation to the most recent sharpdrop. This means that another leg lower should materialize.
Daily Market Technicals
EUR/USD holds above the 50.0% of $1.3296-1.3893 level at $1.3594 while bears continue to pressure the downside. A break below $1.3600 level should see bears test the key July support line at $1.3570,
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.
Sell EUR & GBP into a fading near-term rally
EUR/USD: Support at the lower end of the “Cloud” was noted andrespected yesterday. The net bullish candle as a resultpoints “up-before-down”.
Daily Market Technicals
EUR/USD bounced from just above the July support line at $1.3563 and key support. Bears look to test this level while daily studies slide, however we note momentum is turning higher on daily and weekly charts.
Technician
EUR/USD – Momentum is turning to pro-decline. Further decline at least to 1.3488 level/200-day moving average is likely.
Daily Technical Report
EUR/USD has broken the support at 1.3621.Coupled with the false breakout of the keyresistance area between 1.3811 (11/12/2013high) and 1.3832, a medium-term double-top islikely underway.
Daily Market Technicals
EUR/USD continues to slide and now trades below the daily Bolli band base, daily studies remain bearish but now near oversold and bulls may push to close back within the Bolli band and above the $1.3600 level.
Daily Technical Report
EUR/USD is currently trading close to the38.2% retrace of the 1.3296 – 1.3893 rise. Scopeis seen for a fresh leg higher from the currentregion to retest the 1.3900 zone.
JPY short covering. EUR weakness getting legs
EUR/USD: The bearish setup did deliver the anticipated outcome as themarket broke through the 1.3728/44 support zone attractingfresh selling. The next objective is to test and likely breakthe 1.3625 support,
Daily Market Technicals
EUR/USD plummets through support levels to bounce from the 55-DMA and daily Bolli base yesterday – both now initial support at $1.3631/36, respectively.
Asian Currencies Technicals
AUD/USD has again remained capped on bounces ahead of the 21-DMA. The aussie looks set for further sideways trading within a $0.8820-0.8955 range with a break lower seeing immediate focus shift to