Technical Analysis

USD/JPY through support. EUR/NOK huge spike

EURUSD: With renewed buying ahead of the 1.2583 key support (andconfirmation point for new lows)

EUR/USD has bounced back towards the alternating hourly support/resistance at $1.2716 to start the new week with

Following on from last week’s brief excursion above the 21-DMA ($0.8846) the AUD/USD headed lower to end the week

EUR/USD’s bounce is losing momentum nearthe hourly resistance at 1.2816.

EURUSD: The pair initially continued up to 1.2791 before stalling andreversing the gains made.

The recent build-up of pressure on the 21-DMA resulted in the first pop above since July but the failure to close above and

EUR/USD has broken the hourly resistance areabetween 1.2699 (02/10/2014 high) and

EURUSD: It certainly looks like that the (for some time) sought upwardcorrection now finally is getting traction.

The rally from just short of the $1.2500 level continues with the EUR/USD now approaching the 21-DMA.

EURUSD: The 1.2580 mid-body point held as support yesterday. In the intradailies it is possible to

Bulls are taking a little comfort in the bounce from just short of the key $1.2500 level when combined with

EUR/USD has risen sharply after havingreached the 1.2500 psychological threshold.