Technical Analysis
USD/CHF ANALYSIS
The USD/CHF confirmed a session of consolidation forming a new inside day with 0,9310 – 0,9190 the levels to follow in the coming hours.
EUR/CHF ANALYSIS
EUR/CHF formed a negative day reversal after the 1,2440 overshooting where it found good resistance. Only a daily closing tonight below 1,2375 will confirm a s/t top causing further weakness!!
EUR/GBP ANALYSIS
EUR/GBP failed to confirm the positive day reversal forming instead a negative outside day with now 0,8630 – 0,8500 the levels to follow in the coming hours. A break below the support will cause lower levels suggesting an extension of the drop toward the 0,8400 area!!
GBP/JPY ANALYSIS
The GBP/JPY confirmed yesterday further consolidation interior the inside day with 122,75 – 120,80 still the levels to follow in the coming hours. Only a daily closing above 122,75 will confirm an extension of the move up with the 200 days line at 127,64 the attraction.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a further session of consolidation confirming the previous day’s closing. It shows good support at 103,60 but also very good resistance above the 104,20 area that is limiting the upside.
USD/JPY ANALYSIS
The USD/YEN is confirming further consolidation interior the inside day with 78,30 – 77,15 still the levels to follow in the coming hours.
GBP/USD ANALYSIS
The CABLE confirmed further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. It confirmed however higher levels as we expected and a break above 1,5725 will extend further its move up suggesting a 1,58 overshooting!!
EUR/USD ANALYSIS
The EUR/USD is confirming further consolidation interior the negative outside day with 1,3560 – 1,3350 still the levels to follow in the coming hours.
STOXX 50 ANALYSIS
The EUROSTOXX 50 just confirmed a closing above the 2386 level supporting further strength suggesting a potential target at 2484!!
DAX ANALYSIS
The DAX confirmed a negative closing after however confirming good support above the 6000 level.
BUND ANALYSIS
The BUND confirmed a session of consolidation finding good support above 134 and managing a further closing above the 100 days line.
USD/CHF ANALYSIS
The USD/CHF confirmed a strong closing but failed to confirm the break above the resistance of the outside day at 0,9265.