Tag Archives: EUR/USD
Euro Decisively Breaks Below $1.35; For How Long?
The euro decisively broke below the psychological $1.3500 mark Tuesday, with the pair posting a new 2014 low around $1.3459 before stalling.
Daily FX Update
Equities have firmed, the US 10‐year appears comfortable close to 2.5% while the USD is mixed.
FX Daily Majors
Today’s highlights: EURUSD spotlight stays on the key 1.3477 low. Capitulation below here remains needed to confirm a large bear “wedge”.
Daily Technical Report
EUR/USD made an intraday bullish reversalnear the key support at 1.3503 (see also thelong-term rising trendline from the July 2012low) on Friday.
USD/JPY under 101.19 & EUR/GBP below 0.7303 would be interesting
EUR/USD looks uninteresting between 1.3491 & 1.3576… EUR/GBP may have printed a correctional peak – a move back under 0.7904 would confirm…
The Global Macro Pulse
USDJPY has risen to 101.47, but the dollar failed to sustain an attempt to rally against the AUD and EUR.
FX Daily
EU foreign ministers are meeting today to decide on further sanctions againstRussia following the MH17 crash. In particular UK’s Cameron is pushing foradditional sanctions.
Daily Market Technicals
Bulls take a little comfort in support having developed at $1.3513 Monday but layers of resistance remain $1.3549-87.
EUR/USD Analysis
A very quiet session for the euro this morning after it opened just under the US session high of $1.3526, at $1.3523.
Daily FX Wrap and Strategy
The NZD/USD sits little changed, at 0.8690, this morning,having traded toward 0.8720 early last evening.
Short-Term Trading Strategies
EUR/USD is still trading at the low end of its recent range, and a test of the critical 1.3500 support proved to be short lived.