Technical Analysis
Daily Market Technicals
EUR/USD – focus remains on the upside after break above $1.3261, with initial resistance at last week’s high at $1.3297 and
EUR/GBP Technical Analysis
(0,8631) EUR/GBP confirmed on Friday a session of consolidation forming a new inside day with 0,8655 – 0,8575 the levels to follow in the coming hours.
GBP/USD Technical Analysis
(1,5385) The CABLE is still confirming further consolidation interior the positive outside day with 1,5450 – 1,5250 still the levels to follow in the coming hours/ session.
USD/CHF Technical Analysis
(0,9285) The USD/CHF confirmed another weak closing on Friday in the daily chart as well as in the weekly one suggesting further weakness.
The dollar is under some pressure, especially against the yen
EUR/USD: The pair is held near the Jun-Jul 78.6% Fibo retracement ref at 1.3275 and as long as it’s not decisively broken we could be witnessing the creation of a larger bearish formation.
GBP/JPY Technical Analysis
(150,50) The GBP/JPY confirmed on Friday a weak closing well below the low of the previous session but also well below the support of the inside day at
EUR/CHF Technical Analysis
(1,2330) The EUR/CHF confirmed another weak closing on Friday confirming a top at 1,2435 and supporting further weakness toward the 200 days line at 1,2247!!
EUR/USD Technical Analysis
(1,3276) The EUR/DOLL confirmed on Friday a positive closing but failed to extend further its move up finding good resistance for now at 1,33.
EUR/JPY Technical Analysis
(131,27) The EUR/JPY confirmed on Friday a weak closing well below the support of the inside day at 131,25 supporting further weakness toward the support line at 128,65.
USD/JPY Technical Analysis
(97,80) The USD/YEN confirmed on Friday a weak closing well below the low of the previous session that was already a negative outside day.
What To Worry About
The NZD has been by far the strongest performing G10 currency over the past fortnight. Globally, a modest pullback in the USD has been the dominant driver of currency markets.
Asian Currencies Technicals
AUD/USD – the $0.9315-43 region remains key resistance again this week with a close above the $0.9343 level needed to shift focus from retests