Technical Analysis

Stronger yen and lower AUD/NZD

EUR/USD: The market remains rangebound. Support near a weeklymid-body point (1.3790) seems solid and upside attemptsare repeatedly responded to. Outside 1.3785\1.3865 isneeded to show a tilt.

Daily Market Technicals

EUR/USD bounced from ahead of the 21-DMA, only to remain capped ahead of the key $1.3863 resistance level O/N. Bulls continue to look for a close above $1.3863 to end bearish hopes and

Daily Technical Report

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

The aussie is an underdog reborn. GBP could give back some gains

EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.

Daily Market Technicals

EUR/USD continues to find support ahead of $1.3779 with bears needing a close below to confirm a break of the 21-DMA and see focus shift to the $1.3673-1.3722 region where key moving averages and

EUR/USD has thus far unable to catch a properbid the mid-term uptrend defines. Therefore, inthe short term is moving within a falling channel. An hourly support is at 1.3780 (09/04/2014 low,see also the low of the declining channel).

USD/JPY offers likely at 102.75-103.10

EUR/USD: The short-term picture remains mixed. A weekly mid-bodypoint at 1.3790 is tested. If it holds and the pair is againlifted over 1.3865, recent peaks at 1.3906 & 1.3967 wouldbecome exposed again.

Daily Market Technicals

EUR/USD continues to find support ahead of $1.3779 with bears needing a close below to confirm a break of the 21-DMA and see focus shift to the $1.3676-1.3722 region where key moving averages and

Daily Market Technicals

EUR/USD continues to find support ahead of the 21-DMA with bears needing a close below $1.3779 to confirm a break of the 21-DMA and see immediate focus shift to the $1.3676-1.3722 region where key moving averages and

Asian Currencies Technicals

Aussie closed on a heavy note marginally above last week’s low’s with immediate bearish focus on the $0.9307 initially support.

Daily Market Technicals

EUR/USD failure to keep within the area of resistance at $1.3861-$1.3878 is a concern, with Thursday’s gains reaching $1.3862 before turning back.

Daily Technical Report

EUR/USD has broken hourly resistance at1.3833 and is ready to challenge the resistanceat 1.3851 (16/04/2014 high). The short-termtechnical configuration remains positive as longas the support at 1.3830 (old resistance holds).