Technical Analysis
Seeking a stronger dollar. €/Scandies consolidating.
EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag.
Daily Market Technicals
EUR/USD fades from the channel base to close back below the 50.0% of $1.3105-1.3832 – still at $1.3469 – despite rising daily studies.
Asian Currencies Technicals
AUD/USD continues to bounce from ahead of the 100-DMA while remaining capped on bounces ahead of the Nov 11 high. Daily tech studies remain oversold but
Daily Technical Report
• EUR/USD is bouncing after having successfully tested its recent low at 1.3296 (see also the 50% retracement). A resistance stands at 1.3548 (see also the broken rising channel).
USD/JPY make or break? Scandies – time for a pause
EUR/USD: The corrective climb yesterday entered an area whereresistance is expected be firmer (previously broken trendline, the 55d ma band, 38.2% Fibo of the decline and a thelatest reaction peak)
Daily Market Technicals
EUR/USD rises to retest the rising channel base, now initial resistance at $1.3504. Daily studies have turned bullish and a break above initial res could accelerate gains up to
Asian Currencies Technicals
AUD/USD continues to pause ahead of the 100-DMA with the pair bouncing a little on Wednesday. Daily tech studies remain oversold but a close back above the $0.9424 level is needed to
Daily Technical Report
• EUR/USD is bouncing after having successfully tested its recent low at 1.3296 (see also the 50% retracement). The resistance at 1.3449 (05/11/2013 low) is challenged.
The euro is clawing back earlier losses, especially against the scandies
EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag”
Daily Market Technicals
EUR/USD bounced from the 100-DMA to retest resistance around $1.3452/53, the Aug 20 reversal high and hourly high. A break above here targets the key 55-DMA and
Asian Currencies Technicals
AUD/USD dipped into the $0.9221-86 support region with the pair pausing just short of the 100-DMA. Daily tech studies remain O/S but
Daily Technical Report
• EUR/USD is bouncing after having successfully tested its recent low at 1.3296 (see also the 50% retracement). Resistances can be found at 1.3449 (05/11/2013 low) and 1.3548.