Technical Analysis

Daily Market Technicals

EUR/USD managed a pop above the previous $1.2989 resistance level before correcting lower from the falling daily channel top.

AUD/USD has again found support around the 61.8% Fibonacci support with the bounce so far capped by the low from Sept 10.

EUR/USD is trying to bounce from its oversolddecline.

EUR/USD over 1.2890 would target 1.3047 next. Below 1.2908 would reopen the recent 1.2859 low again…

The $1.2989 resistance level confirmed its significance with the EUR/USD pulling back from ahead of this level to start the new week.

The dip below $0.9000 to start the new week traded below the 61.8% Fibonacci support by a couple of pips before bouncing

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view,

EUR/USD is trying to bounce from its oversolddecline. However, the hourly resistance at

EURUSD: Today we can with a higher degree of certainty call for anupward reaction to have started.

Bulls are taking some comfort from the layers of support that have developed following the bounce from last week’s 2014 lows

The sell-off in the aussie cost the AUD/USD around 3.5c last week with the pressure currently on the $0.8984-95 support region.

EUR/USD is trying to bounce from its oversolddecline. However, the hourly resistance at 1.2988(05/09/2014 high) has held thus far.