Technical Analysis
FX Daily Crosses
Today’s highlights: – EURGBP: Market remains capped by .8686 resistance and we continue to expect a decline back to range support at .8442. Below here targets .8364/50.
FX Daily Majors
Today’s highlights: – EURUSD: Decline continues with the market probing flagged support at 1.3310. We see scope for a break below here to challenge 1.3197 medium-term trendline support.
Technical Alert
The common currency continued to give up ground yesterday, further enhancing the view of a possible ending July correction.
GBP/USD Technical Analysis
(1,5514) The CABLE is still under pressure after the further very weak closing last night suggesting further pressure toward 1,53!
USD/CHF Technical Analysis
(0,9210) The USD/CHF confirmed a strong closing last night but it failed to confirm a break above the resistance of the negative outside day at 0,9230.
USD/JPY Technical Analysis
(92,55) The USD/YEN confirmed further consolidation interior the inside day with 94,55 – 92,25 still the levels to follow in the coming hours/ session.
EUR/USD Technical Analysis
(1,3350) The EUR/DOLL confirmed a weak closing well below the low of the previous session’s low when formed a negative day reversal.
Daily Market Technicals
EUR/USD: Daily Studies Bearish, Weekly Studies Turn Lower. The pair sinks further after posting a doji with a long upper shadow on Weds,
EUR/JPY Technical Analysis
(123,50) The EUR/JPY confirmed a weak closing last night testing already the 123,40 key level; a daily closing below this support will further and more important weakness toward 121,00.
EUR/GBP Technical Analysis
(0,8610) EUR/GBP confirmed a session of consolidation forming a new inside with now 0,8695 – 0,8570 the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2318) The EUR/CHF confirmed a weak closing below the support of the negative outside day it formed on Wednesday.
USD/CAD Technical Analysis
(1,0010) The USD/CAD is still consolidating interior the negative outside day with 1,0100 – 1,0010 still the levels to follow in the coming hours.