Technical Analysis
Daily Technical Report
EUR/USD has moved above the resistance at1.3579, reflecting a persistent short-term buyinginterest. Another resistance can be found at1.3651.
Weaker SEK & CAD look likely. German & US bonds look healthier
EUR/USD: The drift higher is still on, prolonging the short-term correctional move, possibly towards the mid-body point of the bearish weekly candle ending Nov1 at 1.3645.
Daily Market Technicals
EUR/USD eases itself into the rising channel as it slips above the base to test the daily Ichimoku cloud top at $1.3599 and above is new 61.8% at $1.3627.
Asian Currencies Technicals
AUD/USD continued its move lower yesterday, oscillating around the lower 21 day Bollinger band ($0.9139) as overall focus remains firmly on retests of the 2013 low.
Daily Technical Report
EUR/USD’s recent strength and the potentialhigher low posted yesterday suggest apersistent short-term buying interest. Monitorthe resistance at 1.3579.
A “Bearish engulfing candle” in cable has been added
EUR/USD: Nearby short-term refs to keep an eye on are located at1.3400 & 1.3585 and one has to yield to show the way. Nextabove would then be a weekly mid-body point at 1.3645 and
Daily Market Technicals
EUR/USD continues to trade below channel base but with bulls pressuring the upside, however weekly studies show continued bear-divergence which adds risk lower.
Asian Currencies Technicals
AUD/USD continued its move lower to start the new week after failing at the 21-DMA last week, and extending losses below the 100-DMA.
Technician
EUR/USD: Short-term momentum remains pro-decline (ROC20), but medium-term dynamics are clearly changing towards pro-growth momentum.
Daily Technical Report
EUR/USD has risen for the last two days,reflecting a persistent short-term buying interest.Monitor the resistance at 1.3579. Supports are at1.3400 (21/11/2013 low) and 1.3296.
Diverging dollars. EUR/SEK ready for the next rise.
EUR/USD: Contrary to our view the pair remained firmly underpinnedon Friday moving above the 1.3488/98 resistance and up toa broader resistance cluster, 1.3550/84 (prior peak andtrend lines).
Daily Market Technicals
EUR/USD managed to retest the channel base on Friday and is capped by the same level today – now at $1.3561. Bulls look to break above to close back within the rising channel,