Technical Analysis
Technician
EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view, consolidation or correction are likely.
Daily Technical Report
EUR/USD has broken the strong support at1.2755 and is now challenging the one at 1.2662.
$ remains in demand despite the severe stretch.
EURUSD: The upside correction attempt basically ended beforegetting started as selling ahead
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
Bears continue to dominate with the AUD/USD trading at the lowest level since Feb 4 Friday and remaining heavy.
A lurking $ reaction. Bond buyers has returned
EURUSD: The break, however non sustained, below 1.2740 was a veryimportant message
Daily Market Technicals
The Bollinger band base appears to be limiting downside follow through with the EUR/USD having bounced from fresh 2014 and
Aussie Currencies Technicals
Bears continue to dominate with the AUD/USD trading at the lowest level since Feb 4 and remaining heavy.
Daily Technical Report
EUR/USD continues to decline and is nowtesting the strong support area between 1.2755and 1.2662.
An increased $ stretch. NOK/SEK heading for 1.13
EURUSD: The set up for the, so far elusive, upside correction remainsin place despite a fresh trend
Daily Market Technicals
Bears remain firmly focused on the 2013 low and then the $1.2637-60 region below.