Technical Analysis
And now it’s up to the Fed to decide…
EUR/USD: Outside 1.3709-1.3811(33) is still needed to get an idea ofwhere the market wants to go from here, and it’s fair toguess that this is pretty much up to the Fed to decide whichdirection markets should take from here.
Daily Market Technicals
EUR/USD continues to trade just below the $1.3800 level which bulls may retest while they eye the $1.3832 Oct 28 reversal high. A break above may be short-lived as daily studies are firmly in overbought territory,
Daily Technical Report
EUR/USD remains well supported as can beseen by the bounce from the low at 1.3709. Anhourly resistance stands at 1.3811 (11/12/2013high). Supports now stand at 1.3709 and 1.3621.
Riksbank rate decision is the main distraction today
EUR/USD: The recent 1.3811 & 1.3833 peaks remain untouched so far.The “below mid-range” session close left more for bulls towish for. But sellers would on the other hand need a sub-1.3709 move to
Daily Market Technicals
EUR/USD failed to break above $1.3800 level and left a high at $1.3799, adding to resistance. Daily studies look overbought but weekly/monthly studies continue to carry a bullish tone.
Daily Technical Report
EUR/USD continues to consolidate close to therecent 1.3832 high. Strong resistance isexpected close to current levels. However, if abreak over 1.3832 can be achieved this wouldopen up a return to the 1.4000 region.
USD/JPY could recheck the mid-101s and EUR/SEK 9.0050.
EUR/USD: The market showed hesitation last week while first tryinghigher then lower, only to close Fri where Mon started.
Daily Market Technicals
EUR/USD slid to bounce from support just above $1.3700 and left a lower high and low. Bears look to retest while daily studies look overbought and a break below $1.3700 targets a test of 23.6% of $1.3296-1.3811 at $1.3689,
Daily Technical Report
EUR/USD faded yesterday close to the keyresistance at 1.3832. Monitor the test of thehourly support at 1.3740. Another support lies at1.3694 (09/12/2013 low). A key support stands at1.3621 (see also the rising trendline).
Very positive $ signs. Scandies to suffer more.
EUR/USD: Even if it still has to be seen whether the price ends backwithin the 55w Bollinger (see yday TA) or not other signs ofweakness are resurfacing today.
Daily Market Technicals
EUR/USD failed to leaves a lower high after failing to close above the $1.3800 and also failing to test $1.3832 – Oct 28 reversal high. Daily studies are overbought and we note a potential bearish engulfing reversal pattern,
Daily Technical Report
EUR/USD is moving higher towards the keyresistance at 1.3832. Hourly supports are at1.3740 and 1.3694 (09/12/2013 low). A keysupport stands at 1.3621 (see also the risingtrendline).