Technical Analysis
EUR/CHF ANALYSIS
EUR/CHF confirmed a strong closing last night above the resistance of the inside day at 1,2405 suggesting further upside potential.
EUR/GBP ANALYSIS
EUR/GBP formed a positive day reversal but only a daily closing above 0,8606 will confirm a s/t bottom supporting higher levels.
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.
EUR/USD ANALYSIS
The EUR/USD confirmed yesterday further consolidation interior the negative outside day with 1,3560 – 1,3350 still the levels to follow in the coming hours.
EUR/JPY ANALYSIS
The EUR/JPY still confirmed a negative closing remaining however still above the 104 level. The indicators of the daily chart closed below the line but are again turning above the line this morning while those of the s/t ones are still mixed suggesting further consolidation.
USD/JPY ANALYSIS
The USD/YEN confirmed also yesterday further consolidation interior the inside day with 78,30 – 77,15 still the levels to follow in the coming hours. Only a daily closing above 78,30 will support higher levels.
GBP/JPY ANALYSIS
The GBP/JPY confirmed further consolidation interior the inside day yesterday 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.
BUND ANALYSIS
The BUND confirmed a weak closing last night, below the low of the previous session but also below the 100 days line. We could see further weakness but remember that when the US was downgraded the bond did not plunge!!
USD/CHF ANALYSIS
The USD/CHF confirmed further consolidation interior the negative outside day with 0,9265 – 0,9055 still the levels to follow in the coming hours.
EUR/USD ANALYSIS
The EUR/USD confirmed yesterday further consolidation interior the negative outside day with 1,3560 – 1,3350 still the levels to follow in the coming hours. A daily closing below 1,3350 will be very negative suggesting a possible drop toward October’s low at 1,3146!!
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. Only a possible closing above 1,5795 will extend the move up toward the 1,59 area if not even 1,61 where we find the 200 days line!!
EUR/GBP ANALYSIS
EUR/GBP confirmed a weak closing last night below the low of the previous session suggesting further pressure, at least in the s/t.