Technical Analysis
BUND ANALYSIS
The BUND IS JUST SELLING OFF after the weak closing last night. Possible and probable further weakness toward 134,70 if not even 134,00 but the overall attraction is the 132,84 key level!!
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.
EUR/CHF ANALYSIS
EUR/CHF confirmed another weak closing after the test of the resistance of the gap up area 1,2265 – 1,2230 that for the moment limited the down move.
EUR/USD ANALYSIS
The EUR/USD confirmed a test of the 1,3350 support area with even a small undershooting toward the 1,3320 area.
GBP/USD ANALYSIS
The CABLE confirmed a weak closing well below the low of the previous session suggesting further possible weakness.
EUR/GBP ANALYSIS
EUR/GBP return below 0,8600 suggesting a possible extension of the drop toward the 200 hours line at 0,8580.
GBP/JPY ANALYSIS
The GBP/JPY broke the support of the inside day extending the decline toward 119,60 failing however to confirm yet the break by a daily closing.
USD/JPY ANALYSIS
The USD/YEN confirmed a positive closing above the 77,15 level after a test of the 77,55/60 resistance area.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a weak closing reversing the previous day performance and suggesting a possible extension of the decline toward the 102,40 area if not even a retest of the low at 100,76!!
STOXX 50 ANALYSIS
The EUROSTOXX 50 confirmed another weak closing last night causing a sell off this morning that found however good support already at 2108.
DAX ANALYSIS
The DAX confirmed another weak closing starting today’s session with a gap down, 5535 – 5483 that we expect to be closed!!
BUND ANALYSIS
The BUND confirmed another session of consolidation interior the inside day with 138,13 – 136,05 still the levels to follow in the coming hours!!