Tag Archives: EUR/USD

Daily Market Technicals

Recent topside failures have confirmed the significance of the $1.2506-43 resistance region.

EUR/USD: Momentum still pro-decline, but significantly weaker.

EUR/USD has bounced near the hourly support at 1.2362.

Today’s highlights: EURUSD continues to try to build a near-term base.

EURUSD: A potentially bullish candle was added in the weeklies with the high Fri close counted in.

AUDUSD dipped to 0.8223 and EURUSD softened to 1.2438,

Today focus will be on US data with the release of industrial production.

Recent topside failures have confirmed the significance of the $1.2506-46 resistance region.

The pair ended the NY session at $1.2462 after registering a NY range of $1.2433 to $1.2485.

The pair opened at $1.2445 in NY Friday having seen a short squeeze from

The relentless decline in oil prices, caused by persistent over-supply and weak demand,

To recap, the falling wedge from October fits well as a wave-5 and that means Euro is starting a corrective countertrend rally.