Technical Analysis
FX Daily Majors
Today’s highlights: – EURUSD: Near-term top in place. We expect further weakness back to 1.3439/14 and then below here to the 38.2% Fibonacci retracement of 1.3310.
EUR/JPY Technical Analysis
(125,80) EUR/YEN is confirming a nice rebound after the test of the 124,00 area. On the way down the cross formed bullish divergences suggesting a possible change of the tone to negative.
Daily FX Technical Strategy – Euro corrects after sharp falls in European equity markets
The rosy start to the year for risk had to end sometime and yesterday it was pegged back by a sharp sell-off in European equity markets.
Global Technical Watch – Contained concern
The overnight surge in Spanish 10yr yields caught the market off guard, providing a reason to take profit on the recent run higher for the EUR.
Technical Alert
The euro is giving more back… EURUSD towards the low-1.34s seems increasingly likely – so far as a reaction to a prior stretch. Let’s see how this develops…
USD/CHF Technical Analysis
(0,9107) The USD/CHF is confirming some consolidation below the s/t resistance at 0,9120. Only a daily closing above this level will favour a rebound.
GBP/JPY Technical Analysis
(145,17) The GBP/JPY formed a negative day reversal but only a daily closing tonight below 145,20 will confirm a s/t top favouring lower levels.
EUR/USD Technical Analysis
(1,3475) The EUR/DOLL is confirming a nice correction plunging already below the 200 hours line, now found at 1,3508, now resistance. While below this line we may see a retest of the 1,34 area!!
GBP/USD Technical Analysis
(1,5737) The CABLE confirmed yesterday further consolidation interior the negative outside day with 1,5890 – 1,5675 still the levels to follow in the coming hours.
EUR/CHF Technical Analysis
(1,2272) The EUR/CHF confirmed a weak closing below the support of the positive outside day at 1,2295 suggesting further downside risk.
Daily Market Technicals
EUR/USD: Studies Bullish As Eur-Dol Squeezes Higher. The pair follows the long upper shadow with a bearish engulfing candle,
EUR/GBP Technical Analysis
(0,8558) EUR/GBP is confirming a nice correction and could still extend the move down it started after the 0,8700 overshooting.