Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.3054 after rate had pulled back from a late session high at $1.3076. Rate nudged higher in early Asian dealing, pushing up to challenge reported offers placed at $1.3065.
EURUSD touches new 6-week high to start week
This market is in a very complacent mood ahead of the ECB meeting Thursday, and complacency means further EURUSD upside until volatility or caution returns. US futures market shows JPY short positioning at a new 5-year extreme.
Daily Market Fundamental Levels
EUR/USD: $1.3100 Strong offers on approach/Option barrier $1.3075 Option barrier
FX Daily Majors
Today’s highlights: – EURUSD: Probing key neckline resistance and the 78.6% retracement hurdle at 1.3050/63. We expect this area to cap the market, with risk back to 1.2880.
Technical Analysis
The common ccy, equities, commodities and bonds all ended last week on a positive footing so we’re entering the current one with risk appetite on.
Daily Market Technicals
EUR/USD: Approaching Fibonacci Resistance At $1.3052. Break above $1.3027 Fibonacci level, 76.4% of $1.3140-$1.2662 now favours move to $1.3052, which is the 76.4% of $1.3172-$1.2662move and $1.3058, as current level of Bollinger band top.
EUR/USD Analysis
Closed in NY Friday at $1.2986 having pivoted $1.3000 through the day, within a range of $1.3029-1.2968, with month end dollar demand providing a counter against further upside gains.
Daily Market Fundamental Levels
EUR/USD: $1.3075 Tech $1.3070 Strong offers (German corporate mentioned)
FX Daily Majors
Today’s highlights: – EURUSD: Removal of 1.3010 resistance implies a continuation higher towards 1.3140/72 resistance but we look for this to cap and for the range bound tone to continue.
Technical Analysis
Risk appetite remain firm (equities, bonds and commodities all doing fine). Multiple signs of a possible EURUSD & EURJPY peak coming hours/day, SEK & NOK continued and will continue to weaken.
Daily Market Technicals
EUR/USD: Need Confirmation Of Close Above May 2011 Trend Line. Bulls are still attempting another break above the long-term resistance line from May 2011, but need to see confirmation with a close above this line.
EUR/USD Analysis
Closed in NY at $1.2979 after recovering off a corrective pullback low of $1.2945 and having seen an intraday high of $1.3015 in late Europe.