Technical Analysis

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

EUR/GBP confirmed also yesterday further consolidation interior the inside day with 0,8655 – 0,8550 still the levels to follow in the coming hours. A break of the support will cause a drop toward 0,8400 move that the market is for sure not expecting and this could well be a surprise!!!

The USD/CHF confirmed a strong closing last night well above the resistance of the inside day at  0,8975 supporting higher levels.

EUR/CHF confirmed also yesterday a strong closing well above the top of the previous sessions and also well above the 1,24 level supporting further strength toward 1,25, the first target but as you know the real attraction is the 1,30 level and we could see this level tested before the end of the year!!

The GBP/JPY failed to extend further the move up forming instead a small negative day reversal.

The USD/YEN is still consolidating interior the range 78,50 – 77,80 and for the moment we don’t see big changes.

The CABLE confirmed also yesterday further consolidation interior the inside day with 1,6110 – 1,5880 still the levels to follow in the coming hours.

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

The EUR/JPY is still confirming further consolidation interior the inside day with 109,35 – 106,35 still the levels to follow in the coming hours.

The SMI formed a negative day reversal on Friday remaining however still interior the positive outside day with 5710 – 5500 still the levels to follow in the coming hours.

The EUROSTOXX 50 confirmed on Friday further consolidation interior the positive outside day with 2377 – 2210 still the levels to follow in the coming hours.