Technical Analysis
EUR/GBP ANALYSIS
EUR/GBP failed to confirm further weakness forming instead a positive day reversal. Only a daily closing above 0,8622 will however confirm higher levels!!
EUR/CHF ANALYSIS
EUR/CHF confirmed still a negative closing remaining a little under pressure toward the 200 days line that we find still at 1,2238. While above this line we expect a resumption of the move up!!
EUR/JPY ANALYSIS
The EUR/JPY confirmed a further weak closing last night breaking even below the 103 level.
EUR/USD ANALYSIS
The EUR/USD confirmed a session of consolidation yesterday remaining however close to the lower end of the previous day’s range.
GBP/JPY ANALYSIS
The GBP/JPY confirmed a weak closing but found good support already at 119,35. Still possible further weakness but we believe the downside is limited.
GBP/USD ANALYSIS
The CABLE confirmed a further weak closing causing even a 1,5450 undershooting. Possible a retest of the 1,5420 support before October’s low at 1,5272!!
USD/JPY ANALYSIS
The USD/YEN confirmed a session of consolidation remaining interior the range of the previous day forming a new inside day with now 77,70 – 76,80 the levels to follow in the coming hours. Only a daily closing above 77,80 will support higher levels!
USD/CHF ANALYSIS
The USD/CHF confirmed further consolidation interior the inside day with 0,9240 – 0,9075 still the levels to follow in the coming hours.
CRUDE OIL ANALYSIS
The CRUDE OIL confirmed yesterday a weak closing last night but only a break below 95,00 confirmed by a daily closing will extend the drop.
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed another weak closing even below 2100 suggesting further possible weakness toward 2045.
DAX ANALYSIS
The DAX confirmed a very weak closing starting however today’s session with some buying interest.
GOLD ANALYSIS
GOLD confirmed yesterday a session of consolidation forming a new inside day with now 1728,50 – 1666,00 the levels to follow in the coming hours.