Technical Analysis
Look for a EUR/SEK low at 8.7355/8.7100 otherwise wait for NFP
EUR/USD: The yearly high of 1.3711 remains a bright shining beaconabove, but right now the market lacks the impetus to pushfor a break. Numbers this afternoon may change this,
Daily Market Technicals
EUR/USD left a lower high and low and now trades back within the daily Bolli band – the top now part of initial resistance at $1.3691.
Asian Currencies Technicals
AUD/USD marginally traded at fresh 5 month highs yesterday before consolidating as the rising 21 day upper Bollinger band ($0.9656) caught up following the recent daily closes well above.
Technician
EUR/CZK Momentum changed to neutral, it still is not pro-growth. This increases likelihood of consolidation below 25.80 level.
€uro remains firm & EUR/SEK seen breaking higher.
EUR/USD: So far the market is following the common path after a risingbenchmark candle such as the one printed Thursday withthe following day often moving up to
Daily Market Technicals
EUR/USD made another new high after bulls pushed up to test resistance around the $1.3700 level, failed to test the Jan reversal high at $1.3711 and
Asian Currencies Technicals
AUD/USD: The move to fresh 5 month highs sees immediate focus shift to the 200-DMA at $0.9762 with a close above the June 3 high needed to confirm a break of the 200-DMA.
Daily Market Technicals
EUR/USD failed to retest lows around $1.3480 but soared above dly Bolli band to test Apr 2007 reversal high at $1.3681, now initial res alongside yesterday’s high at $1.3682.
The dollar has come under severe pressure
EUR/USD: The dollar took a big hit across the board yesterday. Thisbenchmark move shows demand – likely strong enough tochallenge the yearly high at 1.3711.
Asian Currencies Technicals
AUD/USD: The move higher paused ahead of the targeted $0.9665 level, closing well above the sharply rising 21 day upper Bollinger band ($0.9575).
So everybody (or nobody) is happy in Washington – Now what?
EUR/USD: With the happy “ending” in Washington one would think thepair should trade lower by now, but it seems players are alldressed up but got nowhere to go…