Technical Analysis

Daily Technical Report

EUR/USD has thus far successfully tested the support at 1.1262.

EURUSD: One day older and more wiser…A sub-1.1262 break is needed to

Recent rallies have been unable to break above the 21-DMA with

AUD/USD – The consolidation in the downtrend below the horizontal resistance in

EUR/USD weakened on Friday. Although the support at 1.1262 is intact thus far,

EURUSD: Even though the first attempt lower didn’t play out

Recent rallies have been unable to break above the 21-DMA with the resulting

Attempts to head higher last week lacked follow through with bulls now

EUR/USD is looking for short-term direction.

AUD/USD accelerated downwards after breaking below a descending monthly channel.

EURUSD: The anticipated bear flag never reached and broke its confirmation

Bulls continue to take some comfort in the recent bounces although