Technical Analysis

Daily Market Technicals

Recent failures ahead of $1.3000 last week resulted in fresh lows with bulls now needing a close above

Bears continue to retain overall focus on the 2014 low as the AUD/USD dipped to fresh 6 month lows Friday and

EUR/USD remains capped by the short-termdeclining trendline and the hourly resistance at1.2988 (05/09/2014 high).

EURUSD: The move higher, and especially so if taking out 1.2943, isquestioning the call for a final drop below 1.2834.

EUR/USD has currently found support ahead of the recent 2014 low with the bounce seeing the pair heading back

Bears continue to retain overall focus on the 2014 low as the AUD/USD dipped to fresh 6 month lows Thursday before

EUR/USD has failed to break the hourlyresistance at 1.2988 (05/09/2014 high).

EURUSD: With the break below 1.2908 the past week’s minorcorrection was history and

The inability of the euro to take out the $1.2995 level has resulted in a resumption of the sell-off and

The failure at the $0.9113 level on Tuesday has seen the AUD/USD correct sharply lower and

EUR/USD is bouncing from its oversolddecline. However, the hourly resistance at 1.2988(05/09/2014 high,

EURUSD: The market remains grounded as the brief attempt over 1.2990 was responded to (at the intraday stretch).