Technical Analysis

Daily Technical Report

EUR/USD has declined further and is now near its support at 1.2247.

EURUSD: The move below 1.2321/16 has put further pressure on the pair

The EUR/USD is hovering precariously above 2014 lows with layers of support noted

EUR/USD has declined sharply near the resistance area between 1.2577 (04/11/2014 high) and 1.2600,

EURUSD: The test into the 55d ma band ended with an impulsive rejection and

The lack of follow through on the spike above the 55-DMA Tuesday resulted in a sharp sell-off

Time spent below the 21-DMA was brief with Wednesday’s bounce and close back above the

EUR/USD moved higher towards the key resistance area between 1.2577 and 1.2600 yesterday.

EURUSD: Players may sit tighter today holding cards close to their chests while waiting for the FOMC verdict today.

After having recently found support at $1.2414 the bounce Tuesday saw the EUR/USD spike above

EUR/USD is consolidating. The recent succession of lower highs needs to

EURUSD: Resistance is obvious in the 1.2480-96 zone, but the contracting range was entered from