Technical Analysis
EUR/USD targets 1.3734\50 before down & EUR/SEK moves to 9.1375
EUR/USD is targeting 1.3734\50 before down… USD/JPY is testing support at 102.20/11… A bullish GBP/USD candle just added shows demand…
Daily Market Technicals
The sharp move lower was aggressively reversed overnight with the EUR/USD closing above the 200-DMA in the process and easing bearish pressure but falling short of the 21-DMA.
Asian Currencies Technicals
The renewed bullish pressure that has been pressuring the 55-DMA resulted in a break and close above the $0.9335 resistance level Thursday.
Daily Technical Report
EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.
Daily Market Technicals
EUR/USD has again pulled back from the key $1.3647-72 region only to find support ahead of the $1.3586 low from May 29.
Asian Currencies Technicals
The $0.9180-0.9233 region remains key support for the AUD/USD with this region continuing to support on dips.
Daily Technical Report
EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).
USD/JPY & AUD/USD sellers should be tempted to step back in
EURUSD: Buyers responded at a marginally fresh low yesterday, butalso showed resistance respect.
Daily Market Technicals
The $1.3647-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and
Asian Currencies Technicals
The $0.9180-0.9233 region remains key support for the AUD/USD with this region continuing to support on dips. Bears look for a close below $0.9205 to
Daily Technical Report
EUR/USD remains in a short-term bearishtechnical structure as long as prices stay belowthe resistance at 1.3650 (27/05/2014 high, seealso the declining trendline).