Technical Analysis

The EUR/USD confirmed another very weak closing last night after a test of the 1,3610 area that hold for now.

The AUSSIE is confirming a nice extension of the correction after the weak closing last night. Overall it is however still interior Thursday’s when it formed an inside day with 1,0765 – 1,0370 still the levels to follow.

The USD/CHF confirmed strong daily closing while however remaining interior inside day with 0,8840–0,8555 still the levels to follow in the coming hours.

The CABLE confirmed a negative outside day reversal remaining therefore below the 200 days line but still showing some resilience.

The EUR/USD confirmed a very weak closing last night but managed at least to close above 1,3850, the support of the inside day.

The GBP/JPY confirmed a strong daily closing and also the monthly one was strong above the top of the previous one managing even to turn positive the indicators of the monthly chart!!

EUR/GBP broke the support of the inside day confirming a weak closing in the daily chart while the monthly one was mixed however well of the highs of the month!!

The EUR/JPY confirmed a strong closing last night but unfortunately well off the highs of the session. The performance of this cross is disappointing but we know it is caused by the EUR/DOLL move.

The USD/YEN confirmed a strong closing but unfortunately well off the high of the session. The monthly closing was positive forming a positive month reversal but the indicators are still below the line in the monthly chart!!

EUR/CHF is confirming what we suggested in the last few reports that the problem in Europe are not over yet. in fact it even drop below 1,2150 suggesting a possible 1,2100 undershooting.