Technical Analysis
Daily Technical Report
EUR/USD made an intraday bullish reversalnear the key support at 1.3503 (see also thelong-term rising trendline from the July 2012low) on Friday, favouring a short-term bounce.
EUR/USD rechecks 1.3545-1.3575 before down
EUR/USD tests 1.3545\76 before down. 1.3477 remains a medium-term key ref to keep in mind… EUR/JPY could test 137.50\70 before trading lower again…
Daily Market Technicals
EUR/USD took out the previous key support region noted $1.3503-12 before bouncing from ahead of the 2014 low.
Asian Currencies Technicals
The Sgd1.2446-66 region confirmed its significance as resistance last week with previous highs, the 21-DMA,
Aussie Currencies Technicals
The $0.9322 support confirmed its significance last with the AUD/USD having bounced from ahead of this level on Wednesday and Friday.
Daily Technical Report
EUR/USD is close to the key support at 1.3503(see also the long-term rising trendline from theJuly 2012 low).
Risk aversion noted – bonds & oil up, stock down
EUR/USD trades cautiously lower into the support zone at/around the 1.35-mark. GBP/USD tests support in the high/mid-1.70s once more.
Daily Market Technicals
Oscillation around the Bollinger band base ($1.3521) continues with the EUR/USD now consolidating ahead of the key $1.3503-12 support as daily studies approach O/S levels.
Asian Currencies Technicals
Pressure has returned to the Sgd1.2446-65 region with the 21-DMA noted at Sgd1.2456.
EUR/USD Techincal Analysis
EUR/USD is pretty close to its 2012-2014 uptrend at 1.3511, notes Commerzbank.