Technical Analysis
EUR/USD ANALYSIS
The EUR/USD confirmed a weak closing below the 1,3480 level supporting lower levels toward 1,3370 if not even directly lower for a retest of the October low at 1,3146.
USD/JPY ANALYSIS
The USD/YEN confirmed further consolidation interior the range 77,35 – 76,80 and for the moment we do still expect still support to limit the downside.
DAX ANALYSIS
The DAX failed yesterday to move much lower and at the end it even managed to form a positive day reversal.
BUND ANALYSIS
The BUND confirmed yesterday a 139 overshooting but found good resistance below our selling level.
EUR/CHF ANALYSIS
EUR/CHF confirmed a positive closing after an overshooting of the resistance of the inside day at 1,2415 but it failed to confirm the break out on closing.
USD/CHF ANALYSIS
The USD/CHF confirmed a strong closing well above the top of the previous session favouring a direct 0,9200 overshooting.
GBP/USD ANALYSIS
The CABLE confirmed a negative closing well below the low of the previous session confirming the negative outside day.
GBP/JPY ANALYSIS
The GBP/JPY confirmed the expected extension of the decline toward the 121,50 area with even an undershooting that could lead this cross even lower toward the 120 area.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a closing below the support of the negative outside day at 104,65 extending already the drop 103,40.
USD/JPY ANALYSIS
The USD/YEN confirmed a further negative closing by one pip last night, however still above the 77 level.
EUR/USD ANALYSIS
The EUR/USD confirmed a direct extension of the decline toward the 1,3430 area with a possible direct extension toward the support area at 1,3360.