Technical Analysis

Daily Market Technicals

Recent topside failures have confirmed the significance of the $1.2506-43 resistance region.

EUR/USD: Momentum still pro-decline, but significantly weaker.

EUR/USD has bounced near the hourly support at 1.2362.

EURUSD: A potentially bullish candle was added in the weeklies with the high Fri close counted in.

Recent topside failures have confirmed the significance of the $1.2506-46 resistance region.

Rallies stalled ahead of the $0.8393 resistance level last week with pressure firmly on the 2014 and

EUR/USD weakened yesterday. However, as long as the support at 1.2362 holds,

EURUSD: Was that it on the upside? – Well the intraday downside impulse doesn’t pass unnoticed

Time spent above the 21-DMA ($1.2433) was brief with the correction lower confirming

EUR/USD has moved above the hourly resistance at 1.2456 (see also the declining trendline),

EUR/USD near-term impulse is coming clear and the next ref at 1.2532 lies within reach…

The close above the 21-DMA provided bulls with a boost and sees immediate focus