Tag Archives: EUR/USD
EURUSD – satisfies 5-wave decline; correcting to 1.3425/45
Yesterday we highlighted the bullish RSI divergence and 5-wave decline from 1.37; together this evidence points to a short-term low at 1.3333.
AUD/JPY and NOK/SEK in focus
EURUSD: Yesterday’s attempt to kick off an upside correction stalledalready just below the first resistance, 1.3399.
EUR/USD Analysis
Weak euro area economic data this week have fuelled the concerns about other potential volatility-inducing events in August putting more pressure on the EUR,
FX Daily
The German trade balance for June is expected to show an increase in exportsand imports after both figures declined in May.
Daily Market Technicals
Pressure remains on the fresh 2014 low at $1.3333 set on Wednesday with bulls now needing a close above $1.3407 to
EUR/USD Analysis
The pair started this morning at $1.3364 after gains last night stalled at $1.3394, just shy of rumored heavy selling at heavy offers at $1.3400 (options expiry).
Daily FX Wrap and Strategy
The NZD/USD has traded a remarkably tight range overthe past 24-hours, despite large moves across the Tasman.
Daily FX Update
Markets are relatively quiet leading into the ECB decision and press conference; however there remains an overall bias for USD strength.
Daily Technical Report
EUR/USD made a bullish intraday reversalyesterday (hammer). Coupled with the proximityof the key support at 1.3296,
FX Daily Majors
Today’s highlights: USDJPY ideally holds above price support at 101.78/70 to keep the immediate risk higher.
The Global Macro Pulse
AUD underperformed in Asia trading, down 0.6% to 0.928 on the back of a weak employment report.