Technical Analysis
Daily Technical Report
EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). A shorttermbearish bias is favoured as long as pricesremain below the hourly resistance areabetween 1.3709 (13/12/2013 low) and 1.3723(17/12/2013 low).
Daily Market Technicals
EUR/USD: Despite the bounce from ahead of the Nov 7 support line and the 55-DMA initial focus remains on retests of the $1.3614-18 region with correcting daily studies adding weight to the bearish case.
Daily Technical Report
EUR/USD has bounced near the key support at1.3621 (see also the rising trendline). Hourlyresistances can be found at 1.3709 (13/12/2013low) and 1.3723 (17/12/2013 low). Anothersupport stands at 1.3524.
S&P500 extending gains towards 1,835. USD/TRY tests >2.10
EUR/USD: A net move lower was recorded last week and this points lower,but the market became balanced ahead of the weekend andthe 1.3622-1.37 stalemate has to end for a fresh directional cue.
Daily Market Technicals
EUR/USD: Despite the bounce from ahead of the Nov 7 support line and 55-DMA initial focus remains on retests of the $1.3614-18 region with correcting daily Slow Stochastic and RSI studies adding weight to the bearish case.
Daily Technical Report
EUR/USD is challenging the key support at1.3621 (see also the rising trendline), which wasthe minimum short-term downside risk impliedby the recent double-top. Another supportstands at 1.3524.
Daily Market Technicals
EUR/USD fades after failed break above $1.3800 on Weds, daily studies in sell-mode and bears look to break below key initial support from 38.2% of $1.3296-1.3811 and Nov 7 support line at $1.3614/18.
The dollar retains the upper hand & 10y US yield is about to break 3.01% Friday
EUR/USD: The post FOMC drop is still in progress. Supports at 1.3635& 1.3622 are examined. Bearishly below would call forextension towards 1.3525 next (with 1.3580 currently beingan intraday stretch to keep in mind).
Daily Technical Report
EUR/USD has broken the support at 1.3709,validating a short-term double-top. A test of thekey support at 1.3621 is expected as long asprices remain below the resistance at 1.3723(17/12/2013 low).
Daily Market Technicals
EUR/USD rose to retest $1.3811 high and met strong resistance to leave a mini double-top before sinking through support – double-top targets a move to $1.3607 which is also a Nov 7 support line.
Generally a post FOMC stronger dollar, but US stocks also thrive
EUR/USD: The low and bearish looking session close post the Feddecision to taper USD 10bn/mth is pointing towardsextension into attraction/support starting at 1.3622.
Daily Technical Report
EUR/USD remains well supported as can beseen by the potential short-term symmetricaltriangle, which usually acts as a continuationpattern. An horizontal resistance stands at 1.3811(11/12/2013 high).