Technical Analysis
Daily Technical Report
EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirming anunderlying bearish trend.
The $ correction finally seems to be underway
EURUSD: The question is whether this only is short covering ahead of€CB or if the market is changing its
Daily Market Technicals
EUR/USD continued to dip below the Bollinger band base overnight but held above the recent 2014 and 2 year lows.
Aussie Currencies Technicals
The sell-off continued Wednesday with the AUD/USD coming within a couple of pips of the 2014 low before
Daily Technical Report
EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirmingpersistent strong selling pressures.
Stronger scandies, weaker CAD, stronger USD/EM & USD/JPY over 110
EURUSD: Trend-following tools remain deep in bearish gears, so sell into fading rallies remains a main theme.
Daily Market Technicals
Fresh 2014 and 2 year lows overnight see immediate focus having shifted to the $1.2465 Aug 28 2012 low with
Aussie Currencies Technicals
Bears take a little comfort in the bounce from ahead of recent 8 month lows when combined with the O/S daily studies that are due a correction.
Daily Technical Report
EUR/USD has broken the strong support at1.2755 and is now testing the other one at1.2662.
EUR/USD correction needed. USD/JPY bid while over 109
EUR/USD over 1.2715\25 would target at least 1.2656\65, but not if losing 1.2678 again…
Daily Market Technicals
The Bollinger band base appears to be limiting downside follow through but bears remain firmly in control as the EUR/USD hovers precariously above the Nov 2012 monthly low.
Aussie Currencies Technicals
AUD/USD continues to work its way closer to the 2014 low with fresh 8 month lows Monday providing bears with comfort.