Technical Analysis
Sell CAD – buy JPY. Buy €/SEK on a 8.90/91 dip
EUR/USD: With an hourly three wave decline, 1.3774 – 1.3725, the pairis poised for making at least one more high before endingthe current phase.
Daily Market Technicals
EUR/USD still sees the daily stochastic study remaining firm but 10-day Momentum is fading along with the hourly studies. Resistance is now in the $1.3811/29 region from a number of daily highs,
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and
Daily Technical Report
EUR/USD has broken the key resistance at1.3739, opening the way for a move towards theresistance at 1.3819. Hourly supports can befound at 1.3692 (intraday low) and
Technical Alert: Strong euro, weaker dollar, krona (and possibly also the pound)
EUR/USD: Violation above a Jan peak at 1.3740 is a short-term bullishlead. The move is not stretched and is seemingly working itsway through an “Equality point” at market.
Daily Market Technicals
EUR/USD remains above the former channel top with daily stochastic study remaining firm but other studies approaching overbought levels.
Asian Currencies Technicals
The $0.9085 Jan monthly high remains key resistance this week with a close above this level needed to kick start bullish momentum and see focus turn to
Daily Technical Report
EUR/USD is close to the key resistance at1.3739. Hourly supports are given by 1.3657(intraday low) and the short-term rising channel(around 1.3635). Another resistance can befound at 1.3819.
USD/JPY contesting resistance (102.85) & possible GBP/USD reversal
EUR/USD: Directional indications are weak inside 1.3562 & 1.3740, buta move back under a Feb11 high of 1.3683 would anyway beof some interest.
Daily Market Technicals
EUR/USD remains above the former channel top with daily stochastic study remaining firm but other studies approaching overbought levels.
Asian Currencies Technicals
The sharp correction lower for the aussie on Thursday found support at the 55-DMA with daily tech studies now looking to correct lower from very overbought levels.
Technician
EUR/USD: Momentum is slightly pro-growth. Weak momentum does not favor further growth, return to moving averages and consolidation still seems more likely.