Technical Analysis

Daily Market Technicals

The sharp move lower from the $1.3879 level Tuesday leaves a double daily top in place and combined with the relatively bearish close sees focus shift lower to the key $1.3779 support.

Daily Technical Report

EUR/USD’s decline from 1.3906 (11/04/2014high) has stopped around the 50% retracementmeasured from the low at 1.3673 (04/04/2014).

USD & JPY are going through soft patches and scandies get a breather Tuesday

EUR/USD: With support at the high end of the Fibo adjusted short-term”Ichimoku cloud” an attempt above 1.3865 is made. A shortterm127.2% Fibo extension ref at

Daily Market Technicals

EUR/USD took out the $1.3863 resistance level Monday before giving back some ground and finding support on the hourly time frame at $1.3840.

EUR/USD’s decline from 1.3906 (11/04/2014high) has stopped around the 50% retracementmeasured from the low at 1.3673 (04/04/2014). As a result, the short-term technical structure ispositive as long as the support at

Weaker SEK & EMs, lower USD/JPY and possibly higher EUR/GBP

EUR/USD: Nothing new. 1.3785 or 1.3865 has to be broken to show atilt.

Daily Market Technicals

EUR/USD continued to find support in the 1.3779-90 region last week while struggling topside ahead of the key $1.3863 resistance. Bulls continue to look for a close above $1.3863 to

Asian Currencies Technicals

AUD/USD followed up Wednesday’s close below the 21-DMA with a continuation lower Thursday that found support at the $0.9253 level.

Daily Technical Report

EUR/USD has further recovered off supportat 1.3780. However, bullish rally is weak. Neartermsupport is located at 1.3785 (22/04/2014low, see also the low of the rising channel).

Weaker SEK in the offing and so is a stronger yen

EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.

Daily Market Technicals

The euro continues to find support in the 1.3779-00 region with EUR/USD having again bounced from this region Thursday. Bulls continue to look for a close above $1.3863 to

Daily Technical Report

EUR/USD bounced yesterday near the supportat 1.3780. However, bullish rally is weak. Anhourly support is at 1.3785 (22/04/2014 low, seealso the low of the rising channel).