Technical Analysis
Daily Market Technicals
EUR/USD continues to chop around the 21-DMA with spikes towards the 200-DMA so far lacking follow through.
Asian Currencies Technicals
The move above the 21 & 55-DMA’s last week stalled at the Sgd1.2545 level before correcting sharply lower.
Aussie Currencies Technicals
AUD/USD continued to struggle last week on the approach to the $0.9436-61 resistance region and combined with daily studies that are correcting from
Daily Technical Report
EUR/USD has broken the hourly resistance at1.3602 (10/06/2014 high). A short-term risetowards the resistance at 1.3677 (see also the38.2% retracement) is favoured as long as thehourly support at 1.3584 (19/06/2014 low) holds.
Technical Outlook For EUR/USD, USD/JPY, GBP/USD
EUR/USD: Correction higher has gained traction and the break above the 20 day ma is looking directional.
Daily Market Technicals
Bulls take a little comfort from Thursday’s close above the 21-DMA which was the first since early May.
Aussie Currencies Technicals
AUD/USD followed up Wednesday’s rally with an attempted continuation higher Thursday that stalled ahead of last week’s high with 2014 highs noted offering further resistance just above.
Daily Technical Report
EUR/USD has broken the hourly resistance at1.3602 (10/06/2014 high). A short-term risetowards the resistance at 1.3677 is expected (seealso the 38.2% retracement).
Eyes on EUR/NOK 8.20 and the NB Verdikt. EUR/USD tests resimtance.
EUR/USD remains stuck in the 1.3512\1.3588 range. USD/JPY is likely done correcting higher. This turns focus back on 101.72, 101.60 & 101.43.
Daily Market Technicals
EUR/USD continues to drift towards the 21-DMA with bulls looking for a close above to confirm an easing of bearish pressure and see immediate focus shift to the $1.3666-77 region.
Aussie Currencies Technicals
The move lower Wednesday was quickly reversed with the AUD/USD having found support ahead of the 55 & 21-DMA’s and