Tag Archives: EUR/USD

EUR/USD Analysis

The pair opened at $1.3422, just off last night’s US high of $1.3425, but has since failed to make further headway,

EUR/USD: Momentum strongly pro-decline, but euro also clearly oversold. Hint of beginning of correction. Return to 1.3488 level seems likely.

Today’s highlights: EURUSD has found a near-term floor at the 50% retracement barrier at 1.3374,

EUR/USD is bouncing within its underlyingdowntrend. Hourly resistances can be found at1.3444 (28/07/2014 high) and

AUDUSD moved up to 0.9324, in line with Friday’s highs, but EURUSD and USDJPY are basically flat at 1.3426 and

EURUSD: Could recheck the high-1.34s. Last week ended with a potentially bullish ‘Doji’ candle for the period.

Following plenty of releases last week, we are heading for a quieter week on theglobal agenda.

The pair closed in NY Friday at $1.3427, off recovery highs of $1.3445 seen after the release of US NFP and earnings data,

After finding support ahead of the 100-DMA last week the EUR/USD bounced to marginally trade above the previous $1.3444 resistance.

Hot on the heels of NZD and GBP is the USD, argues HSBC.

The NZD made an intra-night rebound on Friday, after theUS payrolls release, to end the week above 0.8510.

U.S. Review Growth Returns to a Solid Footing • The economy expanded at a 4 percent pace in the second quarter of the year,