Technical Analysis
Daily Technical Report
EUR/USD declined sharply yesterday,completely erasing Wednesday’s gains. A furtherdecline towards the support at 1.3503 is
Portugal ignites EZ worries
EZ worries escalated yesterday (the €stoxx bank index having been the canary in the mine) with accelerating losses in the equity markets.
Daily Market Technicals
EUR/USD was unable to capitalize on recent bounces with the sharp reversal lower Thursday seeing the immediate focus
Asian Currencies Technicals
Bears continue to dominate with fresh 2014 lows retaining immediate focus on Sgd1.2342 Oct 2013 monthly low.
Aussie Currencies Technicals
The rally lacked follow through on Thursday but then again so has the sell off with the AUD/USD recovering from just below the previous $0.9368 support.
EUR/PLN – Make or break at 4.1112!
The main question here is whether we have potentially seen the right shoulder low of
EUR/GBP – A temporary bounce to 0.8098 can’t be excluded at present
With last weeks break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at 0.8005 as decisively broken which
GBP/USD – Above 1.6996, the bulls remain in control and 1.7332 in focus next
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
EUR/USD Technical Analysis
EUR/USD’s recovery appears to be gaining traction as the market appears not quite ready to