Technical Analysis
Daily Market Technicals
EUR/USD turns around and brings daily studies higher also, yesterday met resistance around the 21-DMA, now initial resistance at $1.3285.
EUR/CHF Technical Analysis
(1,2368) The EUR/CHF confirmed a session of consolidation remaining interior the negative outside day with 1,2415 – 1,2315 still the levels to follow in the coming hours.
EUR/JPY Technical Analysis
(132,12) The EUR/JPY confirmed a strong closing above Friday’s top but it failed yet to move above the s/t key level at 132,45.
EUR/USD Technical Analysis
(1,3265) The EUR/DOLL confirmed a strong closing above the top of Friday confirming therefore also the positive day reversal.
Asian Currencies Technicals
The move higher for the aussie continues with the AUD/USD reconfirming its bullish focus and targeting a test of the key $0.9315-43 resistance region.
Technician
EUR/USD Momentum is continuing its shift to pro-decline. Likelihood of further decline is steadily increasing.
USD/CAD Technical Analysis
(1,0400) The USD/CAD confirmed a weak closing below the support of the inside day at 1,0460; the weekly one was also weak however the dollar is still interior the inside week with 1,0580 – 1,0305 the levels!!
Mainly corrective forces at play. Ended yen correction
EUR/USD: After the marginally new low was set the market entered the outlined upside correction phase.
AUD/USD Technical Analysis
(0,9190) The AUSSIE confirmed a positive closing but it failed to confirm the break above 0,9200, the resistance of the inside day.
EUR/CHF Technical Analysis
(1,2365) The EUR/CHF formed on Friday a negative outside day reversal with now 1,2415 – 1,2315 the levels to follow in the coming hours.
EUR/GBP Technical Analysis
(0,8423) EUR/GBP confirmed a test below 0,8400 before however confirming a positive closing forming even a positive day reversal.
EUR/USD Technical Analysis
(1,3172) The EUR/DOLL formed on Friday a positive day reversal after the confirmation of the first s/t target, managing a closing again above the 200 days line, now s/t support at 1,3148.