Tag Archives: EUR/USD

Daily FX Technical Strategy – Gold through the FX monocle

Consecutive weeks of strong selling in gold are symptomatic of a stronger US dollar more than a gauge of risk and liquidity. When plotted in the weaker currencies of 2013,

FX Daily Majors

Today’s highlights: – GBPUSD has collapsed sharply again overnight and we look for further weakness to 1.4873/53.

EUR/USD Technical Analysis

(1,3214) The EUR/DOLL formed on Friday a small positive day reversal but only a daily closing tonight above 1,3246 will confirm a s/t bottom supporting higher levels.

Technical Alert

EUR awaits the outcome of the IT election. UK downgrading and £ selling…but if this is all that will be seen..well then sterling rebound advocated Friday will soon be back.

Daily Market Technicals

EUR/USD: Back Within Bolli Band, Daily & Weekly Studies Slide. The pair holds just above the former 38.2% of $1.4940-1.2043 at $1.3150,

Closed in NY Friday at $1.3194 after recovering off a session low of $1.31445, opening Wellington Mon at $1.3177 before the recovery extended in early dealing to $1.3235 before this opening enthusiasm wilted and rate began to drift lower.

FX Daily Strategist: US

– CAD vulnerable to softer CPI today Yesterday, the configuration of the market could be characterised as risk-off and EUR negative. Today it is still slightly EUR bearish but risk-sentiment has recovered.

FX Daily Majors

Today’s highlights: – EURUSD: Attempting to rebound from 78.6% Fibonacci retracement at 1.3151. Above 1.3291 however is required to signal a base for 1.3435 resistance.

FX Daily Strategist: Europe

– Uncertainty ahead of Monday’s Italian election will keep USD support today Uncertainty ahead of Monday’s Italian election outcome will likely see USD better supported today.

Daily FX Technical Strategy – Fuel for the USD bulls

The bearish EUR/USD readings are catching pace. Although the larger uptrend is still supported, the risk is that broader USD strength can drive this cross lower in range.

Technical Alert

Another eventful day with several milestones passed. In general we are looking for more dollar strength (perhaps excluding JPY & GBP, both looks reaction prone to us).

EUR/USD Technical Analysis

(1,3215) The EUR/DOLL confirmed another weak closing last night below the negative outside day supporting further weakness toward 1,3120 but the 200 days line at 1,2832 could now also become the attraction.