Technical Analysis

Daily Market Technicals

EUR/USD continues to trade sideways within the broad $1.2499-1.2599 range with

EUR/USD continues to grind higher.

EURUSD: The market last night, after FOMC, printed a high at 1.2602 before retreating back to

The break higher stalled at the short term falling daily trend line off Oct monthly highs with bulls now needing a close above $1.2599 to

Gains continue for the pair with fresh 2014 and 3 year highs now shifting focus to the Sgd1.3125-99 region.

The sell-off Wednesday has seen layers of resistance develop in the $0.8657-0.8796 region with

EUR/USD’s bounce has thus far beenunimpressive.

EURUSD: The market is meandering higher in what seems an unfinished correction higher.

EUR/USD continues to find support on dips ahead of 2014 lows and resistance ahead of the $1.2584 level.

Bulls remain concerned at the lower daily high and low Tuesday following on from Monday’s close back below

EUR/USD has weakened near the resistance at1.2577.

EURUSD: It’s not a one way ticket – as it should be during corrections.