Tag Archives: EUR/USD

€/$ – triangle running late. NOK/SEK higher again

EURUSD: Eight out of the past nine trading days the market has beenpushing prices below 1.3360 but

Main focus will continue to be the situation in the Ukraine crisis.

The falling daily channel top comes in around $1.3453 today with bulls now looking for a close above to confirm breaks of the 21-DMA,

The pair started this morning’s session at $1.3391 and made early advances toward last Friday’s US high of $1.3401.

U.S. Review An Uneven Recovery will Keep the Fed on Hold • Retail sales came in unchanged in July, which was below consensus expectations and

Recent developments push out expectations for interest rate hikes: This week equities were strong,

EUR/USD’s daily RSI has now turned higher and the market after repeatedly testing the 1.3333/38 supports has lost downside momentum.

EUR/USD continues to hold at the lows butrallies have lost any bullish momentum. Theproximity of the key support at 1.3296,

Today’s highlights: GBPUSD is holding key support at 1.6693/61 for now, but an eventual break remains favoured to complete a large top.

FX majors mostly tread water with EUR steady at 1.336 and USDJPY marginally higher to 102.5.

EURUSD: The bear triangle yesterday traced out the last sub wave, thee-wave, and should hence now stand ready to plunge lowerto a fresh low.

Yesterday’s call was for “… the bounce off the low to continue as wave-c completes”.