Tag Archives: EUR/USD
EUR/USD – correction zone halts decline; wave-5 up underway
The correction zone acted as strong support yesterday between 1.3248/80 and likely saw the completion of a Wave-4 correction.
FX Daily Majors
Today’s highlights: – EURUSD: Continuing to hold support at 1.3249 for now. We continue to expect the market to rebound higher from here back through 1.3404 to challenge 1.3487 initially.
Daily FX Technical Strategy – Pounding GBP
UK 10-year yields closed at their lowest level so far this year and confirmed a small reversal pattern. Relative outperformance of UK bonds is helping to keep GBP under pressure.
Technical Alert
Not terrible eventful overnight…. AUD losing some ground and JPY a tad weaker. EURUSD worked its way into a broader support zone yesterday and bias hence remains for more losses,
EUR/USD Technical Analysis
(1,3295) The EUR/DOLL confirmed a negative closing, missing however a weak one; while above 1,3250 we expect further upside potential.
Daily Market Technicals
EUR/USD: Holds Above 23.6% Level, Bulls Eye Jan 14 High At $1.3404. The pair struggles to maintain a break below the 23.6% of $1.2877-1.3404, former initial support at $1.3280,
EUR/USD Analysis
Closed in NY at $1.3291 after rate had recovered off session lows of $1.3257 to $1.3311 before settling between $1.3275/00 through to the close.
FX Daily Strategist: US
– EURUSD rally less of an ECB concern EUR-crosses have recovered in the European session after comments from ECB officials negated comments from Euro group Juncker that the EUR exchange rate is “dangerously high”.
EUR/USD – prev. correction zone can halt decline at 1.3248/80
The Euro has now corrected to the previous consolidation zone between 1.3248/50 and has since tested the first fall to 1.3264.
FX Daily Majors
Today’s highlights: – EURUSD: Market continues its correction lower, bringing the market through 1.3300/09 pivot support towards our retracement target of 1.3249.
Technical Alert
The euro is still on the back foot and the yen is healing the hurts, at least some of it… EURUSD looks staged to recheck a short-term Fibo retracement grid below, starting at 1.3250.