Technical Analysis

Daily Market Technicals

EUR/USD: Bears Move Eur-Dol Back Below 100-DMA. The pair gets forced lower, below the key 100-DMA but holds above $1.3018. Daily studies now mixed,

EUR/USD Technical Analysis

(1,3080) The EUR/DOLL formed a negative day reversal and , more important, a negative month reversal, suggesting further and more important weakness!

EUR/CHF Technical Analysis

(1,2244) The EUR/CHF confirmed an extension of the corrective rebound suggesting a possible test of the 200 hours line at 1,2261.

EUR/JPY Technical Analysis

(121,05) The EUR/JPY formed a small negative day reversal while remaining however interior the inside day with 118,60 – 125,50 still the levels to follow in the coming hours/ sessions.

GBP/JPY Technical Analysis

(140,58) The GBP/JPY confirmed another session of consolidation remaining interior the inside day with 143.30 – 137,70 still the levels to follow in the coming hours.

(92,56) The USD/YEN confirmed a positive closing above the top of the previous session but overall it is still consolidation remaining interior the big negative key day reversal with 94,90 – 90,80 still the levels to follow in the coming hours.

Asian Currencies Technicals

AUD/USD: $1.0150 Remains Key Support. A relatively bearish close for the AUD/USD overnight with the spike towards the 21-DMA sharply reversed and

EUR/GBP Technical Analysis

(0,8650) EUR/GBP confirmed a strong closing yesterday remaining however below the 38,2 Fibonacci retracement level of Monday’s drop;

AUD/USD Technical Analysis

(1,0267) The AUSSIE failed also yesterday to confirm a break below 1,02 forming instead a positive day reversal followed by an extension of the move up.

Technical Alert

The € correction coming closer to its end, we think. JPY rebound looks unconvincing so probably soon stronger and especially so vs. the €, EQUITIES rallying but BOND reactions muted.

USD/CHF Technical Analysis

(0,9302) The USD/CHF is still consolidating interior the positive outside day with 0,9350 – 0,9220 still the levels to follow in the coming hours.

GBP/USD Technical Analysis

(1,5173) The CABLE formed a positive day reversal after a retest of the 1,5070 area where it found again good support. Only a daily closing tonight above 1,5190 will confirm a s/t bottom.