Technical Analysis
Euro weak and dollar strong into NFP
EUR/USD: Price action strongly argues for extension towards the May low of 1.2796.All short-term “Ichimoku tools” are in bearish positions now and
EUR/JPY Technical Analysis
(129,30) The EUR/JPY confirmed a session of consolidation forming a new inside day with 131,00 – 128,55 the levels to follow in the coming hours;
Daily Market Technicals
EUR/USD returned to the downside to break and close below key Jul 2012 supp line, now res at $1.2921.
EUR/USD Technical Analysis
(1,2898) The EUR/DOLL confirmed another weak closing aborting the previous day’s positive day reversal.
EUR/CHF Technical Analysis
(1,2355) The EUR/CHF confirmed again a strong closing above the top of the previous session suggesting more upside potential.
Asian Currencies Technicals
AUD/USD initial resistance remains at the $0.9250 level, but with the 21-DMA and June 26 resistance level both coming in around the $0.9343 level,
GBP/JPY Technical Analysis
(152,30) The GBP/JPY confirmed a positive closing while forming a positive outside day. We have now 153,15 – 151,15 the levels to follow in the coming hours.
GBP/CHF Technical Analysis
(1,4460) The GBP/CHF confirmed a strong closing but it filed to confirm one above the resistance of the inside day at 1,4475.
GBP/USD Technical Analysis
(1,5257) The CABLE formed a positive outside day after a test of the 1,5130 level. Only a daily closing tonight above 1,5305 will confirm a s/t bottom.
USD/CHF Technical Analysis
(0,9485) The USD/CHF confirmed a negative closing but overall it remained interior the previous day’s range forming a new inside day with 0,9545 – 0,9435 the levels to follow!!
USD/JPY Technical Analysis
(99,82) The USD/YEN formed a negative outside day after a quick 100,80 overshooting; only a daily closing below 99,26 will however confirm a s/t top suggesting further downside pressure.
EUR/GBP Technical Analysis
(0,8515) EUR/GBP confirmed a weak closing confirming therefore also the negative day reversal it formed the day before.