Technical Analysis
STOXX 50 ANALYSIS
The EUROSTOXX 50 failed as well to confirm another strong closing forming instead a negative day reversal; a daily closing tonight below 2265 will resume the decline.
DAX ANALYSIS
The DAX failed to confirm another strong closing turning instead lower by forming a negative day reversal;
BUND ANALYSIS
The BUND confirmed again a strong closing last night above the top of the previous session supporting a possible extension of the move up that we still consider to be corrective.
EUR/USD ANALYSIS
The EUR/USD confirmed a correction but much deeper as we expected after the strong move up on Friday.
EUR/CHF ANALYSIS
EUR/CHF confirmed also yesterday further consolidation interior the inside day with 1,2415 – 1,2270 still the levels to follow in the coming hours.
EUR/JPY ANALYSIS
The EUR/JPY formed yesterday a negative outside day reversal with now 106,90 – 104,65 the levels to follow in the coming hours.
USD/JPY ANALYSIS
The USD/YEN confirmed a further negative closing last night, however still above the 77 level.
USD/CHF ANALYSIS
The USD/CHF formed a positive outside day reversal with now 0,9105 – 0,8935 the levels to follow in the coming hours.
GBP/USD ANALYSIS
The CABLE not only confirmed a drop toward the 200 hours line but it even fell to last week’s low at 1,5869 where it found some support for now.
EUR/GBP ANALYSIS
EUR/GBP confirmed a positive closing but it failed again to extend the move up above the 0,8600 level.