Tag Archives: EUR/USD
Technical Alert
Eventful session yesterday with the euro up and all the way back down…creating a gravestone doji, a bearish setup for the day.
Daily Market Technicals
EUR/USD: Fails At $1.3284, Potential Gravestone Doji Noted. Heavy selling pressure forced Euro-dollar lower after the pair tested the Former Nov 21 support line as resistance.
EUR/USD Analysis
Closed in NY Wednesday at $1.3228 as rate extended its corrective pullback from intraday highs at $1.3308. A stalling in Fiscal Cliff talks, with Pres. Obama warning that he will veto the Republican ‘Plan B’, acted to dent the recent risk on tone.
FX Daily Majors
Today’s highlights: – EURUSD: Probing the 1.3284 hurdle now. We expect the market to break out eventually through here and persist higher to 1.3388 and then 1.3487.
FX Daily Strategist: Europe
– EUR on a year-end squeeze higher The EUR remains a notable out-performer with EURUSD breaching 1.3200 to trade at a 7-month high. Euro crosses – EURCAD and EURAUD — also rallied.
Technical Alert
EURUSD overlooked a potentially bearish “Doji” yesterday and demand at elevated levels is still visible. Refs above at 1.3284 & 1.3342 are now in sight.
EUR/USD Analysis
Closed in NY at $1.3227 after easing off session highs at $1.3238. Rate marked overnight lows at $1.3223 in early Asia before French name buys of euro-yen provided some lift.
Asia FX
The euro continued to gain in thin Asian trade Wednesday, supported by better risk appetite amid signs of progress in U.S. fiscal cliff negotiations.
EUR/USD – above all key resistance; 1.3127 support now
Key resistance at 1.3160/72 failed to register a reversal yesterday and puts the bulls squarely in charge as EUR is clear of 3 major resistance levels now;
UBS FX Technical
EURUSD – The pair is extending its strength and focus is on resistance at 1.3287/1.3386, the May/March highs.
FX Daily Majors
Today’s highlights: – GBPUSD: Advance towards the key 1.6310 chart resistance hurdle continues for now. We stress that a breakout above this major hurdle targets 1.6619 eventually.
Daily FX Technical Strategy – USD kept on the back foot
US equities have bounced back. The S&P 500 index has recovered from the third two-day dip in the past month and US bonds are maintaining an offered tone as US 10y yields extend toward basing pattern targets.