Technical Analysis
€ on a firm footing. NOK/SEK decline to pause.
EUR/USD: Again a dip below 1.3550 was met by aggressive buyingpushing the pair up to a new correctional high, 1.3678,hence passing the ideal correction target at
Daily Market Technicals
EUR/USD pops above the Nov 29 high and 61.8%, former resistance at $1.3622/27, and now trades just below Apr 2007 reversal high at $1.3681.
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. However, the resistance at 1.3622 hasbeen breached, indicating a persistent shorttermbuying interest.
EUR/USD eyeing 1.3645, AUD s/t reaction underway
EUR/USD: The development during the past 48h shows that there stillare unfilled bids and sideways range established duringDecember should probably be seen
Daily Market Technicals
EUR/USD declined to test previous two session lows around $1.3525 but failed to break below to retest Nov 7 support line at $1.3504. Bears require break below to flip sentiment south,
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. Yesterday’s strength has not been ableto move higher than the resistance at 1.3622,posting a potential lower high.
Cable still looks toppish. USD/JPY could correct lower. SEK comeback surprises.
EUR/USD: The U-turn wasn’t our first bet yesterday. We chose toneglect support at the 8day “Tenkan-Sen” as we thought thecandle formation should take precedence.
Daily Market Technicals
EUR/USD regained losses to retest rising channel base as resistance – still initial res at $1.3618. Bulls target a break within the channel but a series of lower highs from Nov 29 high at
Daily Technical Report
EUR/USD’s rise is still viewed as a short-termrebound. A break of the support at 1.3490 (seealso the rising trendline) is needed to confirm aresumption of the selling pressures.
Bearish EUR/USD & GBP/USD prints, SEK looks exposed again & CAD weaker
EUR/USD: Yesterday’s candle adds confidence to a correctional phasepassed its peak. Exiting the lower end of the ascending55day moving average band would enhance a bearishstance.
Daily Market Technicals
EUR/USD fades from support around the daily Bolli band top and 61.8% of $1.3832-1.3296 at $1.3627 – the pair descended through the channel base and
Technician
EUR/USD – Momentum is now slightly pro-growth, but indicators show some loss of momentum. Room for further growth seems limited; return to 1.3488 will likely follow later on.