Tag Archives: EUR/USD
EURUSD – expect a move to and eventual break of 1.3510/3480 support
The Euro is now below all major moving averages and the 2013 uptrend; the next key trend/pivot zone is 1.3510 to 1.3480.
Daily FX Update
The USD is strong after Chair Yellen suggested that the time line for interest rates could be different than what is currently priced in if there is a better than
Daily Technical Report
EUR/USD has broken the support at 1.3576,confirming a bearish bias. A further short-termdecline towards the key support at 1.3503 islikely.
EUR/USD should extend losses into the low – 1.35s
EUR/USD is targeting the low-1.35s now. EUR/GBP looks staged to seriously test trendline support at 0.7900.
FX Daily
Focus on central bank speeches with ECB’s Coeure and Fed’s Fisher but mostimportant will be Fed chair Yellen’s testimony.
Daily Market Technicals
EUR/USD is hovering around the $1.3564 support but appears to have done enough to confirm a break of the triangle base with
EUR/USD Analysis
The pair opened at $1.3568 after last night’s $1.3562 to $1.3620 range seen during the US session, with the low traded after Fed Chair Yellen’s Q&A.
Daily FX Update
The USD is strong (except against GBP) leading into to Chair Yellen’s semi‐annual testimony but market moves have generally been limited.
Daily Technical Report
EUR/USD rose yesterday but failed to holdmost of its gains at the end of the session. Abearish bias is favoured as long as prices remainbelow the resistance at 1.3664 (03/07/2014 high).
FX Daily Majors
Today’s highlights: GBPUSD’s break of key near-term support at 1.7095/85 sets a minor top, which should allow a deeper setback to 1.7008/1.6998.
We stay USD long
The message from the June FOMC statement and minutes and from Yellen’s July 2 IMF speech has been that the Fed is in no hurry to begin the rate hike process, notes BNP Paribas.