Technical Analysis
EUR Technical Outlook
Momentum studies are still bearish but are now at oversold levels and will tend to support reversal action if it occurs.
EUR/GBP Technical Analysis
(0,8560) EUR/GBP confirmed on Friday a positive closing missing however to break above the strong resistance at 0,8590!!
EUR/CHF Technical Analysis
(1,2335) The EUR/CHF formed on Friday a negative day reversal but only a daily closing below 1,2283 will confirm a top!
GBP/CHF Technical Analysis
(1,4398) The GBP/CHF confirmed a weak closing below the lows of the previous sessions finding however good support above 1,4330.
GBP/USD Technical Analysis
(1,5236) The CABLE on Friday another negative closing; the weekly one was even weak, below the low of the previous week, while the monthly one was mixed,
EUR/JPY Technical Analysis
(129,90) The EUR/JPY confirmed on Friday a strong closing above the top of the previous session supporting further strength.
USD/JPY Technical Analysis
(99,60) The USD/YEN confirmed another strong closing on Friday well above the top of the previous sessions.
EUR/USD Technical Analysis
(1,3041) The EUR/DOLL confirmed a positive monthly closing above the opening of the month but well off the highs!!
USD/CHF Technical Analysis
(0,9449) The USD/CHF confirmed on Friday a session of consolidation forming a new inside day with 0,9500 – 0,9395 the levels to follow in the coming hours.
Weaker €, NOK/SEK & OIL seen lower
EUR/USD: With a high of 1.3103 the market peaked in the outlined 1.3065 – 1.3151 sell area and is accordingly making way south.
Daily Market Technicals
EUR/USD now ranging but last session left a long upper-shadow after testing resistance from the former 50.0% at $1.3107.
Asian Currencies Technicals
AUD/USD managed a bearish close to end last week with the pair currently hovering precariously above the $0.9100 level.