Tag Archives: EUR/USD
EURUSD – initial 5-wave decline projects to symmetry/pivot supp. at 1.3707
The reversal from near 1.40 in Euro occurred at wedge resistance that dates back to 2013; this wedge resistance aligned nicely with channel resistance from early Feb.
US Morning Update
European equity markets were modestly weaker during the London morning, but even more noteworthy was the lack of attention paid by Asian shares to the weaker-than-expected data out of China overnight.
FX Daily Majors
Today’s highlights: USDCAD defends the point of breakout at 1.1157/53 keeping the trend higher to 1.1479, then our 1.1666/1766 core medium-term target.
Daily Technical Report
EUR/USD has broken the support implied byits rising channel, invalidating the uptrend inplace since February. The short-term technicalstructure is negative as long as prices remainbelow the resistance at 1.3845 (20/03/2014 high).
The Global Macro Pulse
The dollar has risen against the JPY, but is flat against the AUD and down slightly against the EUR. AUDUSD rallied to 0.9111 on the open, dropped to a low of 0.9049 after the HSBC China PMI,
UBS Morning Adviser
Dollar primed for a major rally in the coming months During last week’s FOMC meeting, Fed Chair Yellen implied that the first hike to
EUR & CAD seen weakening, NOKSEK a buy
EUR/USD: The slow rise from the 1.3749 low, the 161.8% Fiboprojection point, has so far followed a corrective path highercreating a bear flag. It is possible that the Friday high at
FX Daily
The main focus will be the release of the flash PMIs. In the euro area we expect thecomposite PMI to have declined slightly to 53.1 in March from 53.3 in Februarydriven by a drop in the manufacturing PMI,
Daily Market Technicals
The correction lower from ahead of the $1.3948-66 region Thursday saw the EUR/USD break and close below the rising daily channel base and 21-DMA with the
EUR/USD Analysis
The pair opened at $1.3792 this morning in the Asia-Pacific after trading a high of $1.3811 last Friday. The early risk-on theme and broader US dollar declines nudged euro-dollar up to
US Morning Update
It appeared as if a combination of short-term profit taking and ‘risk on’ weighed on USD demand this morning, as key sovereign rate differentials have not materially backed off against the USD yet.