Technical Analysis

The CABLE confirmed a very weak closing last night, well below the low of the previous session.

The EUR/USD confirmed a weak closing below the support of the inside day suggesting further possible weakness.

The EUROSTOXX 50 is also still consolidating interior the positive outside day with 2377 – 2210 still the levels to follow in the coming hours.

The DAX confirmed a further session of consolidation interior the inside day with 6215 – 5780 still the levels to follow in the coming hours.

The BUND is still consolidating interior the negative outside day with 138,46 – 136,34 still the levels to follow in the coming hours.

The USD/CHF formed yesterday a negative day reversal but only a daily closing below 0,8920 will confirm a s/t top suggesting a retest of the 200 days line at 0,8713.

The GBP/JPY confirmed a negative closing but only a break below 123,90, confirmed by a daily closing, will support lower level suggesting a retest of the 120 area!!

The CABLE confirmed a strong closing above the top of the previous session finding however good resistance below the 200 days line at 1,6142.

EUR/GBP confirmed another session of consolidation interior the inside day with 0,8655 – 0,8550 still the levels to follow in the coming hours.

The EUR/USD confirmed another session of consolidation remaining interior the inside day with 1,3885 – 1,3595 still the levels to follow in the coming hours/ session.

The USD/YEN confirmed a break below 77,75 extending the correction already toward the 77,50 area.