Technical Analysis

The dollar is correctively giving back some ground

EUR/USD over 1.2580 targets 1.2700\60… USD/JPY should test supports in the 108.17/107.75-zone again…

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

AUD/USD continued to flirt with its recent 2014 and 4-year lows during Monday’s session while the bearish outlook

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold.

EUR/USD continues to move lower, confirmingpersistent selling pressures.

EURUSD: With the move below 1.2614 the correction case evaporatedand the pair

Bearish dominance was again confirmed on Friday with the move to fresh 2014 and 2 year lows falling just short

The attempted recovery for the AUD/USD was short lived with the fresh 2014 and 4 year lows combined with

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirming anunderlying bearish trend.

EURUSD: The correction case gained some more credibility yesterdaywith 1) a second day

Bulls take a little comfort in the euro finding support ahead of the recent 2014 and 2 year lows. O/S daily

The sharp bounce from ahead of 2014 lows and relatively bullish close Wednesday were followed up with