Technical Analysis

EUR/GBP Technical Analysis

(0,8310) EUR/GBP formed a positive day reversal and a daily closing tonight above 0,8321 will already resume the move up suggesting a direct extension toward the 0,8365!

EUR/USD Technical Analysis

(1,3295) The EUR/DOLL confirmed a negative closing, missing however a weak one; while above 1,3250 we expect further upside potential.

USD/CHF Technical Analysis

(0,9312) The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9345 – 0,9200 the levels to follow in the coming hours.

EUR/JPY Technical Analysis

(117,84) The EUR/JPY confirmed another weak closing suggesting we have a top in place at 120,16.

GBP/JPY Technical Analysis

(141,85) The GBP/JPY confirmed last night another weak closing suggesting the cross has already a top in place.

Daily Market Technicals

EUR/USD: Holds Above 23.6% Level, Bulls Eye Jan 14 High At $1.3404. The pair struggles to maintain a break below the 23.6% of $1.2877-1.3404, former initial support at $1.3280,

EUR/CHF Technical Analysis

(1,2383) The EUR/CHF confirmed a session of consolidation forming a new inside day with now 1,2430 – 1,2295 the levels to follow in the coming hours.

USD/JPY Technical Analysis

(88,61) The USD/YEN confirmed a negative closing missing a weak one; we could however still see some s/t pressure for a test of the 87 area!

USD/CAD Technical Analysis

(0,9867) The USD/CAD is still confirming further consolidation interior the big inside day with 0,9960 – 0,9820 still the levels to follow in the coming hours.

AUD/USD Technical Analysis

(1,0511) The AUSSIE is still confirming further consolidation interior the big inside day with 1,0615 – 1,0480 still the levels to follow in the coming hours.

AUD/USD: Choppy Sideways Trading. The pair continues to trade sideways in a choppy fashion but needs to close back above the double daily top at the $1.0598 level to kick start bullish topside momentum.

EUR/USD – prev. correction zone can halt decline at 1.3248/80

The Euro has now corrected to the previous consolidation zone between 1.3248/50 and has since tested the first fall to 1.3264.