Technical Analysis
Daily Technical Report
EUR/USD is bouncing. The hourly resistance at1.3621 has been breached. However, wecontinue to favour an eventual decline towards the support at
EUR/NOK above 8.43 = bullish. €Z stocks fell hard
The EZ turned sourer yesterday with not only the €stoxx bank index breaking lower but also €stoxx50 came crashing down through its 55d ma band.
Daily Market Technicals
EUR/USD is now finding support ahead of the 21-DMA as it eyes the $1.3621-38 hourly resistance region.
Aussie Currencies Technicals
AUD/USD managed a spike above the 21-DMA Tuesday before closing marginally below.
EUR/NOK – A range breakout between 8.3700 & 8.4350 is needed for directions
Having not managed to display a single daily close (10pm CET) above key-Fib.-resistance at
EUR/GBP – The range breakout at 0.7959 is now targeting 0.7755/44
With the latest break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at
GBP/USD – On the way towards 1.7332 and 1.7768
Having finally managed to break decisively above key-pivotal resistance 1.7044/49 (2009 high/2005 low)
EUR/USD – Make or break at 1.3557/36!
The failure to even come close to 1.3877 (minor 38.2 %) and the following break below hourly trend line support
Daily Technical Report
EUR/USD made a bullish intraday reversalyesterday, suggesting a potential short-termbounce. Hourly resistances stand at 1.3621(intraday high) and 1.3664 (03/07/2014 high).
AUD reaction completed? €stoxx banks on thin ice
Calm markets overnight but some interesting developments nevertheless taking place. The EZ bank index (a sub index of €stoxx600) yesterday took
Daily Market Technicals
EUR/USD remains capped ahead of $1.3611 with bulls now looking for a close above this level to ease bearish pressure a little.
Aussie Currencies Technicals
The 55-DMA has supported to start the new week with the AUD/USD bouncing back towards the $0.9384-99 region as a result.