Technical Analysis
Daily Technical Report
EUR/USD has broken the resistance at 1.3573(31/01/2013 high, see also the steep decliningtrendline), opening the way for further shorttermstrength.
JPY correction running late. More bond correction.
EUR/USD: The 1.3494/99 break didn’t yield the anticipated rush to sellon the contrary a veritable buying spree followed returningabove 1.3499.
Daily Market Technicals
EUR/USD climbs above the Sept 6 support line which becomes key initial support at $1.3582. Bears look to retest but bulls aim to hold above, further gains could see daily studies turn higher also.
Daily Technical Report
EUR/USD has broken the support at 1.3508.Despite the current lack of follow-through, wefavour a bearish bias as long as prices remainbelow the resistance at 1.3573 (31/01/2013 high,see also the steep declining trendline).
EUR/JPY seen as a selling opportunity, $ index higher Thursday
EUR/USD: As we now are into the fourth day of consolidating the steepJan 30-31 decline the bear flag created is getting mature.
Daily Market Technicals
EUR/USD continues to hold below the Sept 6 support line, now at $1.3578, which bulls have been looking to test since breaking below on Jan 31, ahead of here is yesterday’s high at $1.3555.
Daily Technical Report
EUR/USD has broken the support at 1.3508.Despite the current lack of follow-through, wefavour a bearish bias as long as prices remainbelow the resistance at 1.3573 (31/01/2013 high,see also the steep declining trendline).
EM stress recedes – for now. AUD/NZD correction may be over
EUR/USD: There is nothing it strongly arguing for an impulsive bursthigher. It’s rather a short consolidation to digest the recentslump.
Daily Market Technicals
EUR/USD failed to retest Sept support line but left a higher high and low. To stem losses, bulls require a close above 61.8% at $1.3524 and to retest $1.3574, the Sept support line.
Daily Technical Report
EUR/USD has broken the support at 1.3508.Despite the current lack of follow-through, wefavour a bearish bias as long as prices remainbelow the resistance at 1.3573 (31/01/2013 high).
Classic risk-off move – stocks down and yen & swissy up
EUR/USD: The move up from the recent low looks correctional whendissected into sub-daily observations. The resistance zonebetween the daily & weekly mid-body points (1.3520-1.3580) is likely to be respected.
Daily Market Technicals
EUR/USD failed to retest the 61.8% at $1.3524 and continues to look bearish while daily/weekly studies slide. Bulls aim to retest Sept 6 support line at $1.3569,