Technical Analysis
Daily Market Technicals
The significance of the $1.2605 support was confirmed last week with the EUR/USD having found support around
Daily Technical Report
EUR/USD needs to break the hourly resistanceat 1.2743 to alleviate concerns of a quick declinetowards the key support at 1.2501.
NOK correction completed. Rising bond yields
EURUSD: With both of the short term correction patterns (hourlytriangle or flag)
Daily Market Technicals
The significance of the $1.2605 support was confirmed last week with the euro having found support around this level to work its way back towards $1.2742.
Daily Technical Report
EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.
$-index near an upside exit. NOK temporary stronger
EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before
Daily Market Technicals
Layers of resistance are accumulating with bulls needing a close above $1.2742 to ease bearish pressure and
Daily Technical Report
EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).
$ is back in demand. The SEK is on a weakening path.
EURUSD: The fallout from what seems to be a bear flag has put the1.2605 key support up for grabs.
Daily Market Technicals
The pullback from the $1.2845 resistance gathered steam Wednesday with the close below the 21-DMA confirming a shift lower in focus to the $1.2501 2014 low.
The euro is back under pressure. S&P surprisingly strong.
EUR/USD failed on top yesterday. Back below 1.2695 would expose the short-term 1.2605 key ref once more…